The Federal Antimonopoly Service has fined TNK-BP Holding $47.3 million. The fine was reduced from the original anticipated fine of $61.35 million because TNK-BP admitted to antitrust violations of manipulating diesel and jet fuel prices and imposing unfair conditions on the fuel market. The FAS’ ruling comes under the “third wave” of antitrust cases against vertically integrated oil companies Rosneft, LUKOIL, and Gazprom Neft, in addition to TNK-BP. The third wave began in February 2011; the first two waves were in 2008 and 2009.
Full content: RASPI
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI