News // Russia
Russian Anti-Monopoly Service Stops Rising Oil Prices
03 March 2009 , 14:32898
The regulator's chief Igor Artemyev made this statement during a press conference today.
He noted that the pause in price growth could be attributed to the service's announcement in mid-February that it had opened new cases against Russia's major oil companies - Rosneft, Lukoil, Gazprom Neft, and TNK-BP.
Artemyev also stated that the antitrust watchdog did not intend to withdraw the court charges against the companies, even despite the price stabilization.
If the service wins this case, the official pointed out, businesses will change their attitude towards not only the Anti-Monopoly Service, but also towards the Russian government as a whole. He explained that other producers in various economic sectors would then be discouraged from hiking up prices.
00:01 23.10.2017Can Trump drive a wedge between Saudi-Russian alliance?
10:11 20.10.2017Oil prices retreat on Russian concerns about balance
12:08 19.10.2017CEO: Novatek won't waste time lobbying for end to Russia natural gas export monopoly
18:00 17.10.2017Nord Stream – 5 years of successful gas supply to Europe
00:04 16.10.2017Denmark readies law to block Nord Stream 2, Russia has a backup plan