USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.87

+0.03

AI-92 42.11

0

AI-95 45.88

0

AI-98 51.85

0

Diesel 46.04

0

52

FAS opens case against Sibuglemet coal company

FAS, the Anti-Monopoly Service of Russia, has opened a case against Sibuglemet group, accusing it of violating free competition laws

As reported by Russian paper Expert, FAS accuses Sibuglemet businesses of establishing monopolist high price on coke-coal concentrate. If ruled a violator of competition principles, Sibuglemet nay become yet another victim of FAS' attempts to regulate coal prices. Last summer, the authority made a ruling against three companies: Mechel, Evraz Holding and Raspadskaya, each of them having to pay a fine for breaching the anti-monopoly law. An investigation into pricing policies of a few other coal companies is also underway.

Author: Ksenia Kochneva