Methods for Setting Fines for Cartels in Russia and the Deterrence Effect as Compared to the United States and the European Union

Alexander Egorushkin, Mar 28, 2013

Over the last 10-20 years, the regulation of fines for antitrust violations has been amended several times in the United States and the European Union, significantly increasing the amount of imposed fines. Within the same time period, antitrust regulation and policy have spread across the globe and, as an enforcement tool, antitrust fines have also been introduced in many jurisdictions. Russia is not an exception; in 2006 the new Russian Competition Law was ena