Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH

Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH

25.01.2016 News

Antimonopoly Committee of Ukraine has fined Antimonopoly Committee of Ukraine has fined the Russian company “Gazprom” for 85 billion UAH  for abuse  of monopoly power.

This information was announced by the head of department Yuriy Terentyev on his Facebook.

He emphasized that the “Gazprom” is a monopolist in the market of transit of natural gas through main pipelines on the territory of Ukraine.

This is the biggest fine in the history of the Antimonopoly Committee. The previous record was set in 2012, when was fined the Association “Mebeldrevprom” and its 14 members for anticompetitive concerted actions for 419 million UAH. However, the Committee penalties are almost never paid in full. Most of the decisions challenged by the committee (and often successfully) sued in the courts.

In late April, the antitrust authorities of the European Union presented to “Gazprom” the official charged with abuse of monopoly power in Poland, Hungary, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, Bulgaria. The Russian company was accused of creating artificial barriers to the gas supply from countries of Central and Eastern Europe, and setting unfair gas prices.

Then the prime minister Arseniy Yatsenyuk asked the AMC to institute a similar case. On May 13, 2015 the Antimonopoly Committee began proceedings against “Gazprom” for the abuse of monopoly power.

In late December, the AMC said that in 2009-2015 “Gazprom”, occupying a monopoly position in the market, constantly violated the terms of a transit contract with “Naftogaz” and ignored all appeals to change the terms of cooperation for mutually beneficial and economically viable.

It should be noted, that in the Stockholm arbitration court there are claims of Ukraine to “Gazprom” worth over $ 23 billion.

Source: economics.lb.ua

Other articles

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

  • Pfizer may request approval for COVID-19 at the end of the year
    News

    Pfizer may request approval for COVID-19 at the end of the year

    The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

  • Ukraine’s economic downturn has slowed sharply
    News

    Ukraine’s economic downturn has slowed sharply

    The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

  • Naftogaz commented on the searches
    News

    Naftogaz commented on the searches

    During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

  • Millions of Volkswagen customers have been affected by the data leak
    News

    Millions of Volkswagen customers have been affected by the data leak

    The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

Read also

Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Amazon is releasing a fitness tracker and Halo subscription

Amazon is beginning the expansion in the fitness tracker market with the release of its first Halo fitness tracker and fitness app. The offer from Amazon will compete with the existing world leader in the device market – Apple’s smart watch – Apple Watch, with a fitness tracker and a smart watch from Fitbit, which […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
Analytics

Court resolves not to give money for IOUs

If the promissory note is not specified by the time when the borrower is obliged to return the money, the court may grant derogation from the obligations under this document. In order to get money for the receipt, it is necessary to properly arrange it, Vesti reported. Do not give money on the receipt, in […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

AMCU fined Privat gas station network 4.7 billion

The Antimonopoly Committee of Ukraine (AMCU) has imposed a fine on the company operating the network of gas stations belonging to the Privat group for anti-competitive concerted actions in setting oil prices. The fine amounted to UAH 4.7 billion, the press service of the Antimonopoly Committee of Ukraine reports. Thus, on Tuesday, March 30, a […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

The Tesa company sold shares to Investbank

The Tesa company (LLC) sold shares of Investbank to Alexey Kotovskyi. There was a requirement of the National Bank ownership structure. This was announced on the bank’s website. At the moment Alex Kotovskij owns 41.2% of the share capital of the bank. The financial institutions report says that the National Bank held an additional issue […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

$ 12 billions were invested in European start-ups in 2016

Startups European market by the number of attracted investments only gives place to America and China markets. According to the analysis, which is carried out the investment bank of France Clipperton and resource Who Got Funded, it increased the number of transactions up to $ 30 million last year, which graded decline in the proportion […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Alibaba’s revenues exceeded estimates, but the company reported losses due to a fine of $ 2.75 billion

Shares of Chinese e-commerce giant Alibaba, down 24.3% over the past six months, fell 3.2% at the start of trading on Thursday after the company released its report for the fourth quarter of fiscal 2021 ended in March. The good news for Alibaba investors was a 64% increase in quarterly revenue compared to the same […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
Analytics

Pharmaceutical market of Ukraine: realities and perspectives

In 2013, which experts call the reference, the volume of the pharmaceutical market of Ukraine was about 3.3 billion US dollars. The Pharmaceutical market at that time was one of the fastest growing and took the second place among the CIS countries. According to the consulting company BakerTilly, on average, the market growth rate was […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Ukrzaliznytsia named the salaries of the management

The average salary of one member of the Board of Ukrzaliznytsia in 2020 reached UAH 20.8 million per year, and one member of the Supervisory Board – UAH 4 million, which is twice less than in 2019. This follows from the company’s financial report for 2020. “The leading management is the Board of JSC Ukrzaliznytsia […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

The Supreme Court confirmed the insolvency of Astra Bank

The Supreme Court declared Astra Bank insolvent, the press service of the National Bank reports. By its decision, the Supreme Court overturned the decisions of the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal, which found the central bank’s actions illegal. The NBU reminded that Astra Bank is the only bank that […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

LDaily became a media partner of the “Keep It Up!” project in the Tsekh Gallery

On October 20, the Kyiv Art Gallery Tsekh hosted a presentation of the «Keep It Up!» project created by the artist and sculptor Yevgeny Petrov. The LDaily Business Edition became a media partner of this wonderful project, which highlights the theme of sport. The exhibition is currently open to the public and will be exhibited in the gallery until […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Total and Google have developed technology to assess the use of the solar energy in homes

French oil and gas company Total and Google Cloud developed technology based on artificial intelligence to assess the potential use of the solar energy in homes. This is stated in the message of the Total. “Total and Google Cloud pooled their expertise to jointly develop innovative tools of the Solar Mapper, which aims to accelerate […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

The Kernel agricultural holding has increased its sales by oil refining at third-party plants

The largest producer of oil Kernel increased its sales of sunflower oil for 7%, grain – felled  by 6% in the II quarter of the 2016 fiscal year.  Kernel, one of the largest Ukrainian agricultural groups, in the second quarter of fiscal year 2016, which began in July 2015, reduced its grain sales by 6% […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Siemens buys Mentor Graphics in the closest time

The German Siemens AG corporation reported about the acquisition of the American producer Mentor Graphics. The transaction is estimated at $4,5 billion: the price of one share constitutes $37,25. Mentor Graphics main activities are: designing of cable systems, printed circuit boards, functional verification, development of the built-in software etc. The company merger is directed, first […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Bread of Ukraine will hold a major reorganization of assets for restoring the financial stability

Bread of Ukraine, SJSC was artificially brought in a stalemate bankruptcy. Therefore, the only logical way is a total reorganization of the assets and liabilities of the company, and the beginning of the working subsidiaries. This was announced by the Chairman of the Board of the company – Igor Kobelia. According to his words, as […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

Coca-Cola’s net profit for 9 months decreased by 9%

The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]

Next
Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH
News

McDonald’s sells almost all of its business in China

According to one of the leading US companies – financial information provider Bloomberg L.P., McDonald’s Corporation already has a large share of potential buyers (80%) of Chinese fast food restaurants. The future owner of the assets turned out a syndicate Citic and Carlyle Group companies, which will buy a controlling stake shares of McDonald’s business […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com