Russia’s Federal Anti-Monopoly Service (FAS) chief Igor Artemyev criticized the Russian economy in an interview with newspaper Kommersant on Tuesday, September 25, saying, “In many ways, it remains backward, semi-feudal, and especially in the underdeveloped regions there’s not even a whiff of competition.”
He further claimed that “state-monopoly capitalism” and a “merging of business and power” has been a common ailment afflicting the Russian economy since Western sanctions were introduced in 2014.
Artemyev said that he believes Russia should learn from South Korea’s and Japan’s deregulation experiences, claiming that things have only gotten worse for the Russian economy since the government expanded its role in response to Western sanctions. He highlighted the banking, heavy industry, and telecoms industries as examples that are particularly effected.
Full Content: The Moscow Times
Featured News
Canada Investigates Major Grocers for Anticompetitive Practices
May 26, 2024 by
CPI
John Hess Scrambles to Secure Shareholder Approval for $53 Billion Chevron Merger
May 26, 2024 by
CPI
Petrobras Retains Refineries and Gas Pipeline in CADE’s Landmark Reversal
May 26, 2024 by
CPI
Meta Proposes New Data Limits on Facebook Marketplace in UK Amid CMA Oversight
May 26, 2024 by
CPI
EU Industry Chief Calls for Unified Tech Regulations Between US and Europe
May 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI