Russia's monopoly watchdog reveals extend of total cartel damageStaff Writer | July 25, 2018
The total cartel damage in Russia is estimated at 1.5-2% of GDP, according to the files released by the country’s Federal Antimonopoly Service (FAS).
Russia Tender collusion accounts for 85% of cartels
According to FAS’ deputy head Andrei Tsyganov, "tender collusion accounts for 85% of cartels."
"This is a huge problem, which takes billions of rubles from the Russian budget and Russian consumers," he said at the regulator’s meeting. ■