The media learned about stricter regulation of Internet Commerce in Russia

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The Federal Antimonopoly service (FAS) of the Russian Federation has developed a draft law on the regulation of competition in terms of digitization, which, in particular, will toughen requirements for trading platforms on the Internet and penalties for the use of pricing algorithms, common in online retail, the newspaper «Kommersant» with reference to the service has worked out amendments to the law «On protection of competition» and the administrative code.

Another novel concept of the «pricing algorithm». This software for monitoring, calculating, setting and controlling prices of goods or to carry out operations with the participation in the auction. Liability for companies using this software, offers more. In particular, the price of robots will be the circumstance aggravating administrative liability for the abuse of a dominant position, price manipulation and other violations.

According to the publication, the document also proposes to expand the powers of the FAS in the event that the company fails to comply with the precept issued to it upon approval of the petition on the deal. In this case, the service proposed to give the right to demand the court to ban the circulation of goods of such company in Russia. It is assumed that in the case of foreign companies, the FAS can also allow the use in Russia of their intellectual property without the consent of the company «on conditions stipulated by the Antimonopoly body».

Offers FAS means that, for example, «Yandex.The market» may be declared a dominant player, according to the interlocutor of the newspaper in the market of online retail. Representatives from AliExpress and «Yandex.Market» did not respond to requests for publications, other interviewed market participants believe that the proposals of the FAS redundant.