A PYMNTS Company

Commercial court fines Russian Post for municipal stamp contract

By  |  June 20, 2012

A commercial court has ordered Russian Post to pay $21,560 in fines for antitrust violations. The Federal Antimonopoly Service had fined the Russian Post for its refusal to enter into a municipal contract for supplying stamps under terms stipulated by the Civil Code and the law on placing orders. The law allows terminating such contracts only by both parties’ agreement or by court, and the Russian Post had insisted on the possibility of unilateral contract termination.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Source: RAPSI