Mechel will have to pay 5% of its turnover, or 790 million RUR, in fine after having been found guilty of violating the legislation on the protection of competition on the baking coal market, says Head of the Russian Federation Federal Antimonopoly Service Igor Artemiev.

‘The Federal Antimonopoly Service completed the case involving the company’s activity on the baking coal market. Tomorrow, the enterprise will receive the administrative violation report comprising both orders and sanctions,’ Igor Artemiev notes.

‘Mechel was rather cooperative when it came to the Federal Antimonopoly Service’s investigation, so the fine will come to 5% of the enterprise’s turnover: this amounts to 790 million RUR,’ he adds.