Russian Government Sets Out to Improve Business Competition

Russian Prime Minister Dmitry Medvedev has signed a decree on approval of a competition development roadmap in branches of the economy and transition of individual spheres of natural monopolies to a competitive market condition, TASS news agency reported.

The document designed for 2018-2020 sets forth performance indicators, actions, and expected deliverables, the government’s press service says.

The roadmap provides for competition development in spheres of education, construction, road construction, telecom, information technologies, housing and public utilities, gas supply, electric power, transport services, industry, sales of oil, oil products and natural resources, in agro-industrial and fisheries sectors and on the market of social services and financial markets, the government said.

The document aims to improve consumer satisfaction through expansion of the range of goods, work, and services, improvement of their quality and price reduction, according to Russian authorities.

It is planned to improve performance and competitiveness of the business as a result of its implementation, including on account of providing equal access to goods and services of natural monopolies and public services required for the business activity.

The Federal Antimonopoly Service of Russia will monitor roadmap performance, with quarterly reports to the government.