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The evolution of Russian competition law. Yaroslav Kulick, Senior associate of ART DE LEX Law Firm for Corporate International magazine

“An example of an enforced sanction handed down by the FAS to a cartelist or and abusing dominant is a find ranging 1 to 15 per cent of the preceding financial year sales revenue or 0,03 to 0.3 per cent of the part revenue. The latest range relates to a violation that has affected the market where an offender has more that 75% of its total year revenue”.

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