Thursday, June 21, 2012

Report on Russia's Competition Policy Presented to OECD



As part of an involvement of the Federal Antimonopoly Service (FAS) in meetings of the Competition Committee of the Organization for Economic Cooperation and Development (OECD) in Paris, Deputy Head of FAS Russia Andrey Tsyganov presented a “Report of the Federal Antimonopoly Service on Competition Policy in 2011”.  FAS’s Report describes the latest changes in competition law and enforcement, in particular, modernization of the antimonopoly law and enforcement practice under the “third antimonopoly package”, industry priorities, and efforts to increase the transparency of FAS in 2011. Tsyganov emphasized that “[i]n 2011 FAS paid increasingly more attention to developing [a] regulatory framework, which makes possible cooperation with foreign competition authorities for investigating violations of the antimonopoly law with cross-border effects . . . FAS also continued strengthening cooperation with the antimonopoly bodies of the CIS member-states, and competition authorities of the EC and the USA, particularly, in course of investigating specific cases of violating the antimonopoly law.”

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