FAS issued warnings to organizations in connection with public statements about the rising prices for flights

On March 22, 2022 a number of media quoted representatives of companies that predicted the rising prices for flights. Such statements can lead to an increase demand, which can be used by market participants to increase sales and negatively affect prices for the final consumer.

The Authority recalls that organizations are prohibited from coordinating economic activities if it can lead, among other things, to the establishment or maintenance of prices.

FAS warns about the obligation of strict compliance with the requirements of antimonopoly legislation. If signs of illegal behavior are detected and economically unjustified prices are set by individual companies, FAS will immediately take antimonopoly response measures and will stop unfair practices.

For reference:

In accordance with Part 5 of Article 11 of the Law on Protection of Competition, individuals, commercial and non-profit organizations are prohibited from coordinating the economic activities of economic entities if such coordination leads to any of the consequences specified in parts 1-3 of Article 11 of the Law on Protection of Competition, which cannot be recognized as permissible in accordance with Articles 12-13 of this law. or which are not provided for by federal laws.

Part 1 of Article 11 of the Law on Protection of Competition prohibits coordinated actions of competing economic entities if such coordinated actions lead to: setting or maintaining prices (tariffs), discounts, surcharges (surcharges) and (or)