Tyumen Region Arbitration Court supported the ruling of Tyumen division of Russia’s Federal Antimonopoly Service which imposed a 3.58 million RUR fine on OAO GSK Yugoria.

The insurance company was fined for colluding with Uniastrum Bank in order to limit the competition on the car insurance market. GSK Yugoria tried to contest the FAS’s verdict in court, claiming that it admitted a collusion attempt and had already canceled the corresponding agreement with the bank.