Supporting the ruling of the court of appeals, a cassational court stated that Russia’s Federal Antimonopoly Service’s Sverdlovsk Region division imposing a fine on the Bank of Moscow for violating the existing antimonopoly legislation had been legitimate. The bank has already paid the 370,430-ruble fine to the federal budget for violating the antimonopoly agreement.

The administrative offense action was taken when the FAS’s Sverdlovsk Region division detected an instance of the antimonopoly legislation violation on the part of the Bank of Moscow.