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FAS (RUSSIA)

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Term Definition
FAS (RUSSIA)

The Federal Antimonopoly Service is a federal executive authority that performs the functions of adopting regulatory legal acts and monitoring compliance with antimonopoly legislation, legislation in the field of activities of natural monopolies (in terms of the powers of the antimonopoly authority established by law), advertising, monitoring the implementation of foreign investments in business entities of strategic importance for ensuring national defense and security state control (supervision) in the field of state defense orders and in the field of procurement of goods, works, services for state and municipal needs, as well as coordination of the use of closed methods for determining suppliers (contractors, performers).