Court upholds 363 mln rbl fine for Varandei terminal

MOSCOW, Feb 10 (PRIME) -- The Moscow Arbitration Court turned down an application by Lukoil’s Varandei terminal demanding cancellation of a 363 million ruble fine on Wednesday.

"Satisfaction of the stated claims shall be refused," Judge Svetlana Laskina said.

In March 2019, the antitrust qualified actions of Lukoil’s subsidiary as abuse of its dominant position in the port of Varandei and as violation of the competition protection law, and ordered the violation to be remedied.

In August, the Moscow Arbitration Court voided the service’s decision but the Ninth Arbitration Court of Appeal turned down the decision in October and confirmed the lawfulness of the rulings of the Federal Antimonopoly Service.

In January, the Federal Antimonopoly Service published a document approving the maximum transshipment or storage price in the Sea Port of Varandei at 1,211 rubles per tonne without value-added tax (VAT). The service also listed the terminal as a natural monopoly among transport terminal and sea port service providers, subject to control by the Federal Antimonopoly Service.

(74.1192 rubles – U.S. $1)

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