The AMCU fined the business Firtash

The Antimonopoly Committee of Ukraine (ACU) has recognized the fact of abuse of dominant position on the market of mineral fertilizers in the 2014-2015 year from the group companies Ostchem Dmitry Firtash. That is stated in the materials of the investigation, the AMCU, which were provided by the Ukrainian Agrarian Rada (VAR).

Abuse of dominant position by companies Azot “Severodonetsk Association Nitrogen”, “Rivneazot” and “NF trading Ukraine” was carried out by setting unreasonably high prices for all nitrogen fertilisers, “which would have been impossible to establish under conditions of existence of significant competition in the market,” according to the documents.

“The decision on this violation is being revised and will soon be submitted to the meeting of the AMC”, – reported in the VAR.

The AMC has also decided to impose a penalty of up to 10% of income for 2016 on all members of the group Ostchem and require them to set prices to the market level.