Russian court upholds FAS’ decision

Russian court upholds FAS’ decision
Published: 12 January 2006

On January 10, 2006 Moscow arbitration court fully upheld the Federal Antimonopoly Service’s decision involving Eurocement Group JSC. As was earlier reported, the Federal Antimonopoly Service brought to light that the cement company had violated the antimonopoly legislation by setting overestimated price for cement. Besides, the Federal Antimonopoly Service commissioned Eurocement Group to eliminate the violation by setting fair price for cement as well as transfer illegally gained profit of RUR1.9bln to the budget, the FAS press-service said.