FAS declares its goals and objectives for 2017

Public declaration of the goals and objectives by the Federal Antimonopoly Service determined its work priorities for the current year

For instance, the central event in 2017 will be adopting the National Competition Development Plan in the Russian Federation for 2017-2019. The document is drafted by FAS similarly to the National Anti-Corruption Plan, it is expected that the Plan will be approved by an Order of the President of Russia. At the moment the draft is being coordinated.

Another important area of the FAS work in 2017 will be radical reforming of the tariff regulation strategy. In particular, the Federal Law “On the fundamental principles of the state regulation of prices (tariffs) for goods (services)” will be passed and the Strategy for stimulating tariff regulation shall be devised.  The new Law establishes the tariff-setting principles based on economic operations of companies, their long-term period, openness of Regional Economic Commissions and regulated companies, non-discriminatory conditions for business. All this, in the opinion of the antimonopoly body, will change significantly the current tariff regulation.

Priority will be given also to developing efficient mechanisms of combating anticompetitive practices of transnational corporation and cross-border violations of the antimonopoly law.

In 2017 the Road Maps will be adopted on “Developing Competition in Health Care” and “Developing Competition on the market of financial services” (together with the Bank of Russia) and approving them in the relevant sectors for 2017-2018.

The Road Map on “Developing Competition in Health Care” is based on the proposals put forward by experts, medicinal drugs manufacturers and representatives of industry associations. The Road Map provides for improving the procedure for registering drugs, supporting their substitutability, adjusting the mechanisms for regulating prices in life-saving and essential drugs, the laws on drug procurement and intellectual property protection, developing competition between pharmacy companies and improving the law on dietary supplements circulation.

The Road Map on “Developing Competition on the market of financial services” is designed to reduce administrative barriers and prevent violations of the antimonopoly law by financial organizations, including insurance companies.