Antitrust to toughen control over coal producers’ steam coal sales

MOSCOW, Aug 2 (PRIME) -- Russia’s Federal Antimonopoly Service will toughen control over coal producers’ registration of over-the-counter sales of steam coal, the service said in a statement on Wednesday.

The service said citing Deputy Head Anatoly Golomolzin that the failure of companies to duly register the deals prevents the market from forming a liquid price index for steam coal, which restrains development of the market. The service will impose administrative penalties on companies that violate the ruling, Golomolzin said.

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