Skift Take
These sorts of fines, like the one in Russia, are nearly insignificant to a business the size of Booking.com. Still, the company wishes to be in good standing in a nation as big as Russia.
Dennis Schaal
Russia’s federal anti-monopoly service (FAS) has slapped a 1.3 billion rouble ($17.52 million) fine on hotel appointment website Booking.com for violating anti-monopoly law, the regulator stated on Thursday.
The fine from the FAS comes nine months after it accused the company of breaching Russia’s competitors law, saying that Booking.com “abused its dominant position on the marketplace.”
According to Russian anti-monopoly law, a business might deal with a fine of between 1% and 15% of its yearly earnings created in Russia.
Booking.com stated on Thursday it prepared to appeal the FAS choice, TASS news company reported. ($1 = 74.1934 roubles) (Reporting by Andrey Ostroukh; Editing by Kirsten Donovan)
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