Russian Antitrust Watchdog To Announce Samsung Price-Fixing Fine In Coming Months

Daniyal Sohail Published May 17, 2019 | 03:01 PM

Russia's state antitrust regulator, the Federal Antimonopoly Service, will say in summer what fine Samsung has to pay for fixing prices on its gadgets, the agency's deputy chief said Thursday

ST. PETERSBURG (UrduPoint News / Sputnik - 16th May, 2019) Russia's state antitrust regulator, the Federal Antimonopoly Service, will say in summer what fine Samsung has to pay for fixing prices on its gadgets, the agency's deputy chief said Thursday.

"We will not drag out this case, even though we have a year. We will not spend a year on it.

The decision will be made in summer, maybe even before the summer recess," Andrey Tsarikovskiy told reporters.

The Russian watchdog found the local subsidiary of the South Korean technology giant guilty of fixing prices on its Galaxy phones and tablets in April. It said the company's cooperation with the investigation would be factored in when it announced the penalty.