MOSCOW, Jan 16 (PRIME) -- The Presidium of the Supreme Court of Russia has sided with Novorossiysk Commercial Sea Port (NCSP) and voided an order of the Federal Antimonopoly Service on the tariff in the Primorsk Commercial Port, Deputy Chairman of the Court Pyotr Serkov said Wednesday.
The Supreme Court cancelled a decision by a court commission for economic debates to side with the Federal Antimonopoly Service and upheld the rulings of three courts of the lower instance to qualify the antitrust decisions as unlawful.
The antimonopoly service said NCSP set cargo transshipment tariffs in U.S. dollars, which resulted in a 72% price jump in 2014 and a 300% margin increase in 2015. The service issued a 9.7 billion ruble fine for the company and ordered it to switch prices into rubles.
The Supreme Court earlier voided two rulings by the antitrust on NCSP’s tariffs.
(67.0820 rubles – U.S. $1)
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