The court upheld the decision of the FAS to fine Severstal 8.7 billion rubles
[ad_1]
The Moscow Arbitration Court recognized the legality of imposing a fine against the Severstal company (MOEX: CHMF) for violating antitrust laws. A fine of more than 8.7 billion rubles. was appointed in February 2022.
“”Severstal” did not agree with the service’s acts and tried to appeal them in court, but the Moscow Arbitration Court supported the department’s position,”— reported Federal Antimonopoly Service (FAS). The press service of Severstal stated TASSthat they plan to challenge the court’s decision at a higher authority.
In 2022, the FAS found that Severstal’s profit in 2021 tripled, while the level of sales remained unchanged compared to previous years. Then the FAS found Severstal, as well as MMK and NLMK, guilty of abusing their dominant position in the hot-rolled steel market.
[ad_2]
Source link
