Gazprom Can't Shake Russian Antitrust Fine

Law360, New York (August 30, 2013, 4:14 PM EDT) -- A Moscow appeals court has upheld a 17.5 million ruble ($526,000) fine against Gazprom OJSC for abusing its dominance by fixing unfairly high prices for liquid sulfur, Russia's antitrust watchdog said Thursday.

The Federal Arbitration Court of Moscow on Aug. 20 nixed Gazprom's latest appeal of the 2012 fine Russia's Federal Anti-Monopoly Service issued against the energy giant for fixing "monopolistically high" prices for liquid sulfur, a chemical used in a variety of industrial and household products.

"The court completely confirmed the rightness of FAS' decision...
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