As an example, the FAS press service cites the deal between

[tanjimajuha20]

ompanies will have to coordinate with the Federal Antimonopoly Service of Russia (FAS) transactions whose value exceeds 7 billion rubles. The fifth antimonopoly package amended Part 1 of Article 28 of the Law on the Protection of Competition and established a new condition for monitoring economic concentration transactions - that is, those that involve a change in the competitive environment.

According to the FAS, the law now reflects the specifics of market analysis in relation to aggregators and marketplaces, taking into account the so-called network effects - a market finland whatsapp resource property that increases the attractiveness of a product as the number of its consumers increases.
Yandex.Taxi LLC and Vezet Group of Companies in 2021: in order to protect competition and the interests of citizens, it could have been the subject of consideration by the antimonopoly authority due to exceeding the approval threshold with the FAS of Russia of 7 billion rubles, if this bill had been adopted.

The FAS classifies Avito LLC, Cian LLC, Yandex.Taxi, as well as Google and Apple as owners of application stores, as companies with a dominant position in the market.

The FAS press service told a ComNews correspondent that the norm will allow for a full assessment of the influence of economic entities concluding large transactions on the state of competition in commodity markets. From the press service's response, it follows that the measure is aimed at transactions in which the book value of the company's assets is minimal, and its real value is significant due to the potential for business development.

Kirill Grek, a lawyer at Sapozhnikov & Partners/Redl & Partners, told a ComNews correspondent that obtaining mandatory approval from the FAS RF for transactions is required in all cases where the value of the acquirer's assets is more than 7 billion rubles; the acquirer's total revenue from the sale of goods for the last calendar year is more than 10 billion rubles; the value of the economic entity's assets is more than 2 billion rubles (from 2024 - more than 800 million rubles); the transaction price exceeds 7 billion rubles. "It should be noted that the new conditions apply to both representatives of the commodity market and other companies," said Kirill Grek.

According to him, the fifth antimonopoly package can be characterized as a way to increase the antimonopoly toolkit and update approaches to the changed digital goods market to ensure the interests of consumers, as well as the interests of the market itself.

"The emergence of a new criterion for mandatory approval by antimonopoly authorities may block some of the actions being carried out today to transfer assets of foreign investors and large Russian enterprises. Thus, some transactions that were carried out over the past few years in order to protect competition and the interests of citizens could be blocked today due to exceeding the approval threshold with the FAS of Russia," he added.

Read also

Digital platforms to be fined
Russian President Vladimir Putin has signed the fifth antimonopoly package developed by the Federal Antimonopoly Service (FAS). It is aimed at preventing abuses of dominant positions by digital platform owners. The law will come into force on September 1, 2023.

Sergei Uchitel, a partner at Pen & Paper, explained that given current economic realities, traditional criteria based on the amount of revenue of participants in transactions or economic concentration actions and the size of their assets may not reflect the real impact on the economic conditions of a transaction carried out within the framework of an economic concentration. "Therefore, a new basis for preliminary approval of a transaction with the FAS has been added to the law - this is a transaction amount in excess of 7 billion rubles," he added.

According to Sergei Uchitel, the indicated changes are more focused on regulating competition within the digital sector and do not pursue the goal of simplifying the procedure for acquiring businesses from foreign investors and companies leaving Russia, since control over this procedure is currently carried out by a government commission, and this is more than enough.