In times of change and country’s transition to the market economy the first antimonopoly authority was established. Since then, antimonopoly authorities were changing their structure and names, however, their goal remained the same - protection of competition. Therefore, each of these authorities greatly contributed to a more sustainable economy in Russia. In 2004, the Federal Antimonopoly Service
was established. At present, alongside the traditional functions of antimonopoly authority it has other additional powers, such as control over observing competition rules by the public authorities, control over public procurement, including the sphere of defense and security, control over foreign investments and advertising law compliance. The development of antimonopoly regulation contributed to a constant improvement of legislation, gaining experience, unification of enforcement. This 25 years of huge work resulted in changes in production relations in the entire sectors of the economy and recognition of the Russian antimonopoly policy as compliant with the high global standards. We still have a lot of work to do, many interesting and important challenges in competition development related matters. I wish all of us achieving of stated objectives and power for effective work to the benefit of Russia!
