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Antimonopoly Committee closes 'Rotterdam +' case

Source : 112 Ukraine

The committee concluded that the 'Rotterdam +' formula had no negative impact on the state of competition in the energy market
16:29, 19 December 2020

Open source

The Antimonopoly Committee of Ukraine (AMCU) closed its investigation into the "Rotterdam +" formula due to the absence of violations. The corresponding decision was made by the AMCU on December 18, the press service reported.

As noted, the AMCU completed the case on the grounds of violation of the legislation on the protection of economic competition. The evidence collected in the case does not confirm the information that the actions of Regulation Committee led to the provision of individual business entities or groups of business entities with benefits or other advantages that put them in a privileged position relative to competitors.

The investigation of the case lasted more than 1.5 years and concerned the circumstances of the approval of the formula for determining the market value of "Rotterdam +" coal. The AMCU's investigation was launched in May 2019 based on an appeal by the National Anti-Corruption Bureau. The committee concluded that the "Rotterdam +" formula had no negative impact on the state of competition in the energy market.

Related: Rotterdam+ case partially closed, - Anti-Corruption Prosecutor's Office

Related: Ukraine to get Covid-19 vaccine later than others,- The Economist

 

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