OREANDA-NEWS. October 23, 2014. The Supreme Arbitration Court in the Russian Federation supported Krasnodar OFAS in a dispute with “Rosneft-Kubannefteproduct” NK” and pronounced legitimacy of 4.3 million RUB fine.

In May 2011, the office of the Federal Antimonopoly Service in the Krasnodar region (Krasnodar OFAS Russia) found that “Lukoil-Yugnefteproduct” Ltd. violated the Federal Law “On Protection of Competition” in the part of fixing and maintaining retail prices for oil products in Sochi. The level of retail prices for oil products of both companies increased the costs of gasoline and diesel fuel in other municipalities in the region by 1.50 RUB/l.

OFAS issued a determination to the oil company to eliminate the antimonopoly violations.

In 2012, Krasnodar Regional Arbitration Court and the 15th Arbitration Appeal Court pronounced the decision and determination of Krasnodar OFAS Russia unlawful and unreasonable. When the case was against considered, Courts of three instances, including the Federal Arbitration Court of the North-Caucasus District took the side of the regulator.

“Rosneft-Kubannefteproduct” NK” filed a cassation appeal challenging the judgments and rulings of the Courts of three instances, but the Supreme Court did not allow the company to transfer the cassation appeal to be considered by the Court Collegium on economic disputes. As a result, “Rosneft-Kubannefteproduct” NK” OJSC must pay a nearly 4.3 million fine.

In August 2014, Krasnodar Regional Arbitration Court also confirmed reasonableness of the determination of Krasnodar OFAS Russia with regard to “Lukoil-Yugnefteproduct” Ltd. The fine upon the company exceeded 14 million RUB.