MOSCOW, March 19 (RAPSI) — The Federal Antimonopoly Service of the Russian Federation (FAS) has fined company Kaspersky Lab 100,000 rubles (about $1,500 at the current exchange rate) for violating the law on advertising, the press service of the body informs on Friday.

According to the statement, advertisements of the Kaspersky Password Manager software have been identified as unreliable, since those misled consumers about the prices of the product.

The advertisement was distributed from July 1, 2018 to September 18, 2020 via Yandex.Direct service. Since August 12, 2020, the price of Kaspersky Password Manager software has increased to 900 rubles ($12) per license for one user for 1 year, the antimonopoly service said. However, in spite of the fact that the price has increased, the company continued to advertise its product indicating its cost at 450 rubles ($6). A FAS commission found that such advertising was in violation of the requirements established by the law on advertising.

The law on advertising provides that an advertisement that contains untrue information about the cost or price of goods, the mode of payment for it, the amount of discounts, tariffs and other terms of purchase of goods is to be recognized as unreliable, and the advertiser is to be liable for such a violation.