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FAS considers applications for the purchase of a business that left the Russian Federation in an expedited manner

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Federal news agency
Federal news agency

The standard procedure for selling a business previously lasted about a month so that the Federal Antimonopoly Service (FAS) could carry out all the checks. Now this procedure has been accelerated at times, the head of the department, Maxim Shaskolsky, told RBC.

He noted that in a complex case, the check could take up to three months. Now this period has been reduced to three days. During this time, experts must draw up prescriptions if risks to competition are identified after the sale of a foreign company that has left the Russian market.

“We consider all transactions in 2-3 days. That is, at least around the clock we will work on this so that everything is resolved faster. No delays. If the transaction requires permission from the government commission for the control of foreign investment, we reflect this in our decision,” Shaskolsky explained.

The Antimonopoly Service works together with the government as part of an anti-crisis business support program. The department is engaged in the creation of pro-competitive conditions.

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