Russia to investigate 4 major oil firms on price

[Joanne98]

Source: Reuters


MOSCOW, Feb 10 (Reuters) - Russia's anti-monopoly watchdog said on Tuesday it will start investigation into four major oil companies for unjustifiably high prices on the wholesale and retail markets within the next week.

"I think within a week we will start these investigations," Anatoly Golomolzin, the watchdog's deputy head, told journalists, without specifying which companies are involved.

"We are talking both about the situation with retail prices, and with wholesale (prices). Wholesale prices have also risen recently, in our view there is not sufficient justification for this," he said. (Reporting by Vlasta Demyanenko, writing by Toni Vorobyova; editing by Guy Faulconbridge)





Read more: http://www.reuters.com/article/rbssEnergyNews/idUSLA54559020090210

[Tandalayo_Scheisskopf]

1. Russia goes...

At least symbolically, where the US fears to tread.

We're the greatest country on the earth! In our feeble little minds.

[MrModerate]

2. Another way to look at this is that the Kremlin has . . .

Digested the other oil companies it stole back from the thieves who stole 'em during Yeltsin's day, and now wants to steal some more. If I were a Russian oil tycoon, I'd think the Riviera looks pretty good right now.