Press-release of 02.08.2010

On 29th July 2010, the 9th Arbitration Appeal Court upheld the judgment of the Moscow Arbitration Court and confirmed validity of the determination of the Federal Antimonopoly Service (FAS Russia) for imposing a fine upon "Russian Railways" OJSC for failure to submit information.

On 10th March 2010, FAS Russia fined "RZhD" OJSC 300,000 Rubles for failure to submit information requested by FAS to investigate an antimonopoly case against "RZhD" OJSC and "PPK Tsentralnaya" OJSC. The case was initiated upon the signs of violating Clause 2 Part 1 Article 10 of the Federal Law "On Protection of Competition" (abusing market dominance). The companies replaced a commuter train that provided socially important passenger transportation services, with a fast train of enhanced comfort on the Kursk line of Moscow Railway that made transportation more expensive.

Failure to submit information by "RZhD" OJSC does not allow FAS Russia to fully and comprehensively investigate the case and make a conclusion on the fact of antimonopoly violation (or its absence) in the action of "RZhD" OJSC.