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31 August 2017

Avtodor will complete the implementation of anti-trust compliance before late 2017

The State Company Avtodor intends to complete the implementation of anti-trust compliance before the end of 2017, as reported by Aleksandr Sokolov, the State Company Avtodor Competition Policy Department Director, at the conference entitled "Prospects for antitrust compliance development in Russia."

"For us, the year of 2017 is a starting and pilot year. This year, we are to complete the work on local regulation, and in 2018 we will actively use this system as a regulation instrument," said Aleksandr Sokolov.

According to him, the anti-trust policy establishes the rules of conduct mandatory for employees of public companies and companies belonging to the Avtodor Group of Companies in the form of acceptable and unacceptable practices, provides for the introduction and development of measures aimed at preventing risks of anti-trust law violation, as well as awareness and training of employees.

"Our key approach to the compliance system is to follow the principle of providing multi-channel information to workers about acceptable and unacceptable practices, legal regulation in the area of anti-trust regulation, and the consequences of non-compliance with these laws," pointed out Aleksandr Sokolov.

He also stressed that the anti-trust policy is implemented by placing information on a single internal portal of up-to-date information on anti-trust regulation, procurement activities and practical application of the anti-trust and procurement laws, as well as other information in the related areas. Furthermore, information and feedback channels are created, training systems are developed and consultations are provided.

The State Company Russian Highways (Avtodor) was established in 2009. The main objective of the company is to develop a chain of toll highways, to attract extra-budget investment, to develop road service facilities, and to improve the quality of services provided to road users. Avtodor is one of the first Russian companies to introduce an anti-trust compliance as a corporate business standard.

Anti-trust compliance is a system of corporate procedures and local statutory instruments to ensure compliance with anti-trust and procurement laws by the State Company Avtodor and its Group of Companies, and to prevent violations in this area.