FAS filed a case against Yandex for advertising orders for student works
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Federal Antimonopoly Service (FAS) reportedwhich was filed against Yandex (MOEX: YNDX) case due to the dissemination of inappropriate advertising. We are talking about advertising the “Work 5” service, which provides services for writing essays, coursework and dissertations. Placing such advertising is prohibited by law.
FAS drew attention to this advertisement after receiving an anonymous complaint. “Placing advertisements for services for preparing work for passing state scientific certification or exams in educational institutions is prohibited by law,” reports the FAS.
Amendments prohibiting advertising of services for writing student papers came into force in November 2018. If the FAS establishes violations, Yandex will be held administratively liable in accordance with the Code of Administrative Offenses of the Russian Federation. For citizens, a fine of 2–2.5 thousand rubles is provided; for officials – 4–20 thousand rubles; for legal entities – 100–500 thousand rubles.
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