Russia accuses Booking.com of violating competition law
MOSCOW (Reuters) – Russia’s federal anti-monopoly service (FAS) has accused resort reservation website Booking.com of violating anti-monopoly law, the regulator said on Monday.
The assertion from the FAS comes virtually a yr after it opened an investigation into the company’s switch to ask lodges and hostels to provide the equivalent prices on their very personal and rival reservation web pages as on Booking.com.
“The agency has abused its dominant place obtainable available on the market,” the FAS said.
According to Russian anti-monopoly law, the company may face a advantageous of between 1% and 15% of its annual earnings generated in Russia.
Booking.com said it was disenchanted with the selection, together with it consider to proceed supporting its companions in Russia and securing demand for suppliers that are needed for the sector restoration.
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