Yekaterinburg FAS Initiates Case Against Uraldortekhnologii for Violation of Antimonopoly Laws

Background

The Federal Antimonopoly Service (FAS) in Yekaterinburg has launched an investigation against Uraldortekhnologii, a leading supplier of construction materials in the Ural region, for suspected violation of antitrust laws.

Alleged Violations

The FAS alleges that Uraldortekhnologii has been abusing its dominant position in the market to impose unfair terms on its customers. Specifically, the company is accused of:

• Setting high prices for its products
• Restricting access to the market for competitors
• Engaging in predatory pricing

Potential Consequences

If the FAS finds Uraldortekhnologii guilty of violating antitrust laws, the company could face significant penalties, including:

• Fines
• Divestiture of assets
• Exclusion from public procurement contracts

Impact on the Market

The FAS's investigation and potential sanctions against Uraldortekhnologii could have a significant impact on the construction materials market in the Ural region. It could result in increased competition, lower prices, and improved access to the market for other suppliers.

Next Steps

The FAS will continue to investigate the case and gather evidence against Uraldortekhnologii. The company has the right to respond to the allegations and present its defense. The outcome of the case is expected to be announced in the coming months.

Additional Notes

The FAS has been actively enforcing antitrust laws in Russia in recent years. In 2021, the agency imposed a total of 36 billion rubles ($500 million) in fines for antitrust violations.

Uraldortekhnologii is a major employer in the Ural region. The company employs over 2,000 people and operates several production facilities in the region.