hotel booking

Russia Fines $17.5M For Breaking Antitrust Laws

Russia’s federal anti-monopoly service (FAS) has slapped a 1.3 billion rouble ($17.52 million) fine on hotel reservation website or violating anti-monopoly law, the regulator said on Thursday.

The fine from the FAS comes nine months after it accused the company of violating Russia’s competition law, saying that “abused its dominant position on the market.” 

According to Russian anti-monopoly law, a company could face a fine of between 1% and 15% of its annual revenue generated in Russia. said on Thursday it planned to appeal the FAS decision, TASS news agency reported.

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