Russian Majors Lose Antitrust Battle

摘要

Russian antitrust authorities have notched up another success in efforts to force oil majors to cut domestic products prices. Last week, the Constitutional Court of Russia declined to consider a complaint filed by Gazprom Neft against the Federal Antimonopoly Service (FAS), which had imposed a total fine of 26 billion rubles ($855 million) on four Russian oil majors - Rosneft, Gazprom Neft, Lukoil and TNK-BP - for setting artificially high oil product prices.