30th ANNIVERSARY OF ADOPTION OF ANTIMONOPOLY LAW IN RUSSIA

22-03-2021 | 16:37

Competition, the development goals of which are defined in the Constitution of the Russian Federation, is the cement, on which all processes of the market economy are built. Over the past 30 years, the Russian Federation has been building a market economy and developing, as its basis, antimonopoly regulation and antimonopoly legislation.

On March 22, 1991, for the first time in the history of the formation and development of market relations in Russia, the law "On Competition and Restriction of Monopolistic Activities in Commodity Markets" was adopted, which determined the organizational and legal basis for the prevention, restriction and suppression of monopolistic activities and unfair competition.

In subsequent years, a number of normative legal acts were adopted, which formed the directions for the development of antimonopoly legislation. For 30 years, the legislation on competition in the Russian Federation has passed the stages of formation and entered the phase of active improvement and modernization. A key stage in its development was the adoption in 2006 of Federal Law No. 135-FZ “On Protection of Competition”, which consolidated antimonopoly requirements in one act, and amendments formalized by “antimonopoly packages”.

Today, the provisions of the Law on the Protection of Competition continue to improve in terms of public procurement, foreign investment, advertising, the fight against cartels, tariff regulation, and domination. The regulatory framework is being adapted to digital conditions, and a new “fifth antimonopoly package” is being prepared. In addition, active work is underway to raise public awareness of the antimonopoly legislation and related preventive activities to prevent possible violations - in most market sectors, an antimonopoly compliance mechanism is being developed and implemented.

 



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