Competition did not increase

State-monopolist trends, system-wide issued of applying the law on procurement and concessions, imperfect tariff regulation, cartelization of the Russian economy – all these factors hamper development of competition in Russia, concludes the Federal Antimonopoly Service (FAS Russia).

A Report on the state of competition, annually drafted by the antimonopoly body and submitted to the Government, summarizes the basic results of the national competition policy, analyses the most significant changes in the law, presents the findings of several surveys on the state of competition in some sectors of the economy and reviews the main problems of their performance.

The documents underlines: “An assessment of the state of competition in Russia in 2016 shows that overall the negative trends of 2015 maintained and some economic threats increased such as cartelization of the economy. This growing phenomenon is a new challenge to the economic security of the Russian Federation which requires adequate responses from the state and the society”.

FAS also outlines the ways to overcome economic cartelization.

Head of FAS Igor Artemiev reported on the methods to solve the issues to the Government on 5 October 2017.