Federal Tariff Service: No direct price control to be applied at Primorie ports

According to the statement of Russian Federal Tariff Service, some changes have been introduced into regulation of the activities of natural monopolies providing berths for loading/unloading/storage of cargoes at seaports Vladivostok, Zarubino, Posiet, Nakhodka, Vostochny and Vanino.

The analyses of the natural monopolies’ activities at the above ports proved the market is moving from the state of natural monopolies to the state of a competitive market. Therefore, FTS of Russia considers it possible to change the regulation - no direct price control is to be applied in respect of those natural monopolies.

However, the above entities are not excluded from the list of natural monopolies in transport sector subject to state regulation and control. They are still to provide information about rates for their services.