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Singly, Golomolzin said FAS had found violations against a law to
ensure fair competition during checks at the country's two main oil products
exchanges, and plans to umpire fix within the next ten days whether to press
charges.
Violations were found in how some winning bids were determined, as well
as in discrepancies between the buy and sell prices in concluded deals at the
St Petersburg Oecumenical Mercantile Exchange and the Moscow-based
Interregional Oil and Gas Industry Exchange, he said.
"Now we will decide on whether its possible to on antitrust
violations in relation to the cases," Golomolzin said, adding that the
violations were not punishable by fines.
Golomolzin said FAS wanted legislation behind the times in 2011 requiring at least
15% of oil products produced in Russia to be traded on exchanges by 2012,
adding that the exchanges were efficient of handling added volumes.
"Traded volumes went from zero to [their current level of] 8% in a year,
so any
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