Monday, August 23, 2010

FAS Brings Charges Against Bread Producers

On August 20, 2010, the Moscow Office of the FAS initiated a case against six bread producers, charging them with “engaging in concerted actions, which can result in restricting competition and infringing public interests.”  The charges fall under Article 11 of the Federal Law “On Protection of Competition”, and stem from a sharp increase in the price for wheat and rye bread, ranging from 10 to 20% over the past month.  As a drought has reduced Russia’s grain harvest, the FAS will likely continue to monitor what it has deemed a “socially important food” market for any further price gouging activity. 

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