Unfair competition in Russia – an overview
Competition has always been considered as a healthy characteristic of the macro-economy. Each country focuses on the creation of a culture of healthy competition, aiming to incentivize market participants to deliver quality products at prices better than other competitors. Recently, Russia has made a new step in enhancing anti-monopoly regulations by introducing amendments to the Federal Law of 26.07.2006 No. 135-FZ “On Protection of Competition” (hereinafter the “Law No. 135-FZ”) – the so-called Fourth Antimonopoly Package which reformed, inter alia, an institute of unfair competition. This current overview provides a brief analysis of unlawful anti-competitive practices in Russia under the new rules of the Law No. 135-FZ and may be useful for market participants that consider their presence in Russia.
