Monday, October 16, 2017
Sergiy Glushchenko analyzes A €6 Billion Unpaid Fine: The Ukrainian Antitrust Case Against Gazprom.
ABSTRACT: The recent commitments offered by Gazprom to the European Commission (EC) in the long running abuse of dominance case provide a good opportunity to revisit another abuse of dominance case against the Russian gas giant, which recently concluded not with commitments but a prohibition decision and fines.
On 22 January 2016, the Antimonopoly Committee of Ukraine (AMC) announced a decision with a record fine on Gazprom. The investigation started in 2015 after the AMC investigated possible violations by Gazprom in the gas transit market. The AMC found the company had abused its monopsony position as the only buyer of gas transit services through Ukraine.