Russia’s largest port operator has won an anti-monopoly case in a court of appeal.
NCSP Group said in a statement last night that the Ninth Arbitration Court of Appeal in Moscow had ruled in favor of the company.
The firm said the court upheld the previous ruling of the Arbitration Court of Moscow, in the case to appeal and indictment of the Federal Anti-Monopoly Service of Russia (FAS).
Back in July the Arbitration Court of Moscow ruled to satisfy the appeal of PJSC NCSP and hold invalid an indictment by FAS.
The indictment held NCSP guilty of breaching the Federal law On Protection of Competition and upholding monopolistically high tariffs for transshipment of chemical cargo and fertilizers, non-ferrous metals, crude oil and refined oil products, and partially containers and ferrous metals, and demanded to cancel these tariffs and remit monopolistic revenues to the state.
NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2016.