Russia: Duty-free industry quickly approaching monopoly status

Russia’s Federal Antimonopoly Service released a study on the nation’s duty-free market and found it to be a near-monopoly, according to reports.

The FAS announced on its website that two-thirds of border crossings had only one duty-free shop without any competition. Research found that Terminal F at the Sheremetyevo Airport, one of the largest duty-free zones in Russia, had a highly concentrated duty-free market; the market for duty-free alcohol was found to be “moderately” concentrated, report say.

The FAS conducted a study of the industry to review 89 border crossings in the nation from 2012 to 2013. The review was ordered by financial regulator First Deputy Prime Minister Igor Shuvalov.

Full content: The Moscow Times

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