GENERICO.ruEconomicsThe court approved the settlement agreement between FAS and Severstal

The court approved the settlement agreement between FAS and Severstal

MOSCOW, May 27. The Ninth Arbitration Court of Appeal approved the settlement agreement between Severstal and the Federal Antimonopoly Service of Russia in the so-called “metallurgists’ case”, in which the company was fined an amount of more than 8.7 billion rubles, its participants reported at the end of the meeting, which was held behind closed doors.
Severstal challenged in court the acts of the antimonopoly department – the decision on violation of antimonopoly legislation and the order dated February 24, 2022 and the resolution on bringing to administrative responsibility on September 29, 2022.
The Court of Appeal considered the case according to the rules of the first instance and on Monday transferred the proceedings to closed mode, satisfying Severstal's request. For this reason, the judicial act containing the terms of the settlement agreement will not be published. The FAS representative explained that the agreement is confidential, as it contains, in particular, Severstal's trade secrets.

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