Russian Sea price increases attract attention of Federal Anti-Monopoly Service
SEAFOODNEWS.COM [Interfax] - August 14, 2014 -
MOSCOW, The Federal Anti-Monopoly Service (FAS) has warned Russian Sea that it will not tolerate violations of antimonopoly legislation that might take the form of possible increases of wholesale prices for fish products.
Due to the public statements of company representatives about Russian Sea Group raising prices by 15-20% for certain types of fish and seafood, FAS issued a warning "against committing planned action (inaction) aimed at nonmarket formation of prices for fish and fish products because such behavior could lead to the violation of antimonopoly legislation," the regulator said.
"Russia's FAS regularly monitors the prices on the biological resources of the sea. We attentively keep track of the situation on the market, particularly in light of recent political decisions, and we do not allow prices to grow for no reason."
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