Thursday, July 1, 2010

Oil Company Files Constitutional Complaint

Major Russian oil company Gazprom Neft filed a Constitutional Court challenge to Russian anti-monopoly legislation under which the company was fined $1 bln for charging “monopolistically high prices on oil products.” According to the company, the provisions breach the constitutional principle of freedom of enterprise. Recently a similar fine against another oil company, TNK-BP, was upheld by the Supreme Arbitrazh (Economic) Court.

http://www.kommersant.ru/doc.aspx?DocsID=1405302

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