Russian Antitrust Agency Fines Rosneft and Bashneft for $80milion

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Federal Antimonopoly Service of the Russian Federation fined OAO Rosneft, the country’s biggest oil producer, and OAO Bashneft, controlled by billionaire Vladimir Evtushenkov’s AFK Sistema, a combined 2.5 billion rubles ($80 million) in a third wave of cases into high fuel prices.

Rosneft may have to pay 1.76 billion rubles and Bashneft 778 million rubles for monopolistically high prices at the end of 2010 and beginning of this year

Anna Timone (195 Posts)

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