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  Tuesday, December 1, 2020
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Russia's Federal Anti-trust Service said in a press release Thursday that it was closing its case against Coca Cola
Russia's Federal Anti-trust Service said in a press release Thursday that it was closing its case against Coca Cola as the transnational soft drink giant agreed to voluntarily redress the competition law violations it had been accused of committing. The press release quoted FAS head Igor Artemyev as saying Coca Cola had pledged to rid its contracts of clauses on exclusive supplies to Russian retailers and called on its main competitor, Pepsi, to follow suit. Proceedings against the two companies were launched by the FAS regional branch in Krasnoyarsk after an inspection had exposed competition law violations at local retail stores carrying their products. Among other things, contracts signed with Coca Cola and Pepsi banned the retailers from trading in competitors' products and capped their retail markups. During the litigation, both Coca Cola and Pepsi executives expressed their willingness to bring their contracts in line with Russia's competition legislation. Pepsi's case will be considered by the FAS at an October 28 hearing.
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