Antimonopoly watchdog's position on explosives market collusion confirmed
MOSCOW, July 18 - RAPSI. The Moscow Commercial Court dismissed on July 16 the Sverdlova Factory's and Promsintez' lawsuit to reverse the Federal Antimonopoly Service's decision that they set prices on the industrial explosives market.
On December 19, 2011, the watchdog found that the factory and a rival company simultaneously set prices for various industrial explosives, which violates competition law.
Subsequently, explosive prices for Metalloinvest's Lebedinsky GOK and Mikhailovsky GOK substantially increased and exceeded the general level set for other consumers.
Due to the state's regulation of the market, consumers cannot promptly change suppliers.
Previously, the watchdog found the companies in collusion and its decision against them was confirmed by courts in three instances.