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Customs Union’s antimonopoly body to help investigate cartel deals

July 11, 2013, 13:01 UTC+3
"In our investigations we have always stuck at Russia’s border" Russian federal antimonopoly service chief Igor Artemyev said
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NOVO-OGAREVO, July 11 (Itar-Tass) - The creation of a supranational antimonopoly body within the framework of the Customs Union will help effectively investigate activity of transborder cartels, Russian federal antimonopoly service chief Igor Artemyev told a working meeting with President Vladimir Putin on Thursday.

“Now these supranational violations will be within our eyeshot and within eyeshot of a supranational body, which will contribute to the development of common economic space and improvement of economic indicators,” Artemyev said.

He noted that the creation of such a supranational body has been actively underway.

“We’ve made serious breakthroughs as concerns market analysis and this body will soon start working and we are ready to support it in every possible way,” he said.

Artemyev expressed confidence that this institution will bring work to a qualitatively new level.

“As in our investigations we have always stuck at Russia’s border, we as well as our Belarussian and Kazakh counterparts cannot investigate transborder violations such as cartels, unfair competition and simple abuse of power,” he said.

 

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