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Russian antimonopoly service fines Philips importer $32k for smartphone price regulation

13:59 26/12/2019

MOSCOW, December 26 (RAPSI) – The Federal Antimonopoly Service (FAS) has fined Sangfei CEC Electronics Rus, an official importer of Philips production, 2 million rubles ($32,000) for price regulation for smartphones, the watchdog’s statement reads.

In September, the FAS found Sangfei CEC guilty of illegal coordination of economic activity of the Philips smartphone resellers.

In 2017, the regulator conducted an unscheduled inspection of the company and revealed signs of violation of the competition protection law. According to the FAS, Sangfei CEC Electronics Rus coordinate economic activity of Philips resellers that led to the smartphone price regulation.

In the last years, the watchdog repeatedly found the competition protection law violations on the smartphone market by Apple, LG, Samsung and other large companies, the FAS said.


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Russian antimonopoly service fines Philips importer $32k for smartphone price regulation

13:59 26/12/2019 The Federal Antimonopoly Service (FAS) has fined Sangfei CEC Electronics Rus, an official importer of Philips production, 2 million rubles ($32,000) for price regulation for smartphones.
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