Friday, October 29, 2010

Antitrust Agency Launches Probe into Moscow Cemeteries

Russia’s Federal Anti-Monopoly Service instituted administrative proceedings related to the leasing of all Moscow cemeteries to a single state-run enterprise “Ritual.” Ritual argues that it is not a monopolist because it does not own the cemetery land but rather rents it from the Moscow government. The annual revenue from funeral services in Moscow is estimated at $200 mln.

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