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BRICS is trailblazer in environmental approach to antitrust regulation — analyst

The antimonopoly authorities of the BRICS countries will issue a joint document that will contain methodological recommendations and describe the terms of reference of the joint regulatory approach to digital markets, director of the International Center of BRICS Competition Law and Policy at the National Research University Higher School of Economics Alexey Ivanov said

RIO DE JANEIRO, November 24. /TASS/. Antitrust agencies are poised to take an environment-based approach to their work in the digital area in the future, something that regulators in the BRICS countries are already practicing, Alexey Ivanov, director of the International Center of BRICS Competition Law and Policy at the National Research University Higher School of Economics, said on Thursday.

"The essence of the ecological approach - the ecoantitrust - is that digital systems should be considered as living biological organisms. Consequently, when it comes to the analysis and regulation of digital giants and their business strategies, it’s proposed to rely on the same laws by which natural systems function," he explained at a meeting of a BRICS task force for studying competition in digital markets.

BRICS is a group of countries comprising Brazil, Russia, India, China and South Africa.

"Agencies of the BRICS countries are already applying environmental methodology to review the behavior of players in digital markets, identify anti-competitive practices and analyze transactions. It was agreed at the task force meeting today that the antimonopoly authorities of the BRICS countries will issue a joint document that will contain methodological recommendations and describe the terms of reference of the joint regulatory approach to digital markets," he said.

The sixth meeting of the BRICS task force to study competition in digital markets is held in Rio de Janeiro as part of the BRICS+ Forum of Antitrust Agencies in Digital Competition, which, in addition to the five countries, is also attended by representatives of Argentina, Egypt, Kazakhstan and Uzbekistan. The forum is organized by the HSE International Centre for BRICS Competition Law and Policy together with the Getulio Vargas Foundation research centre (FGV) and the Administrative Council for Economic Defense, the Brazilian antitrust agency also known as CADE.

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Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

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Russian forces gain foothold in central Chasov Yar in DPR — expert

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Japanese lawmaker urges global condemnation of decision on missile strikes on Russia

Muneo Suzuki described Joe Biden’s decision as "dangerous and provocative"

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"It is important for us to achieve our goals, which are well known to everyone," Dmitry Peskov emphasized

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Two underwater cables were damaged in the Baltic Sea on November 17 and 18

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Two underwater cables were damaged in the Baltic Sea on November 17 and 18

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Mikhail Mishustin added that "it is necessary to modernize border crossings in coming years, including introduction of practice of electronic paperwork"

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Top stories from the Russian press on Tuesday, November 19th

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US senator labels Biden’s approval for ATACMS strikes on Russia as unconstitutional

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

Putin previously warned about Kiev's attempts to blow up TurkStream pipeline — Kremlin

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Russia to use revenues from frozen assets of Western investors — Finance Minister

Tit-for-tat measures will be implemented after receiving information about unfriendly actions of Western countries, Anton Siluanov noted

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Press review: Uranium costs soar as Moscow updates nuclear doctrine and US OKs attacks

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Putin ready for talks on Ukraine, including with Trump — Kremlin

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Russia counts on West's responsibility in nuclear deterrence issues — Kremlin

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Russia monitors situation in Kursk Region after reports of ATACMS missiles — Kremlin

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Viktor Orban asserted that the government’s mission is to prevent Hungary from being dragged into the Ukrainian conflict

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