NEW RUSSIAN FEDERAL LAW ON PROTECTION OF COMPETITION

Abstract

The new Russian Federal Law On Protection of Competition is aimed at making business relations between the state bodies, businesses and consumers absolutely transparent. The principle upon which the competitors' legal relations system is built is changing radically. The law stipulates that strict measures should be taken against market monopolists and group domineering, there are restrictions in regard to the state officials' competitive rights. The provisions which concern the exterritorial use of the antimonopoly legislation are made more coherent.