The Russian Office Against Monopoly has fined petroleum exporter Rosneft 5.2 million rubles (USD3.5 million) for charging higher prices in violation of fair trade practices. It was found to have overcharged the five companies that import 84 percent of the petroleum used in Mongolia. The companies are NIC, Petrovis, Shunkhlai, Just Oil and MT. However, it is unlikely that any of them will get back any of the MNT250 billion extra they had to pay. The Executive Director of NIC has said it is not planning to approach Rosneft as the issue was an internal matter of Russia.
Rosneft fined for overcharging Mongolian companies
