The new “antitrust package” developed by FAS passed the first reading in the State Duma. According to the document, the prohibition of abuse of dominant position applies to markets and aggregators, provided that their revenue for the last year exceeds 2 billion rubles.
The FAS website informs about the adoption by the State Duma at first reading of the draft amendments to the federal law “On Protection of Competition”. The information is also reflected on the website of the lower house of parliament.
“The adoption of the bill will allow the formation of legal mechanisms to counteract “digital cartels” and guarantee the protection of consumers against the abuse of market power by digital platforms,” the service said.
As explained in the FAS, the bill aims to curb the abuse of dominant position by the owners of digital platforms. The abuse ban applies to markets and aggregators if they have an impact on adjacent markets and their revenue for the past year exceeds 2 billion rubles.
If the bill is adopted in its current form, all transactions on the commodity markets, the amount of which exceeds 7 billion rubles, will be coordinated with the FAS, the FAS reports.
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