Federal Antimonopoly Service (“FAS”), the Russian competition authority, has launched an investigation against medical face masks suppliers; St Petersburg Medicine Ltd., NPKF Ltd., Eklif Ltd., Profitmed SPb Ltd. and “Novamed SPb” Ltd. for coordinated price increases. FAS decided to monitor the manufacturer - distributor - retail chain and medical face mask wholesale prices across the country.
(“FAS decision dated 11.02.2020”)