10 July 2007 10:15 [Source: ICIS news]
MOSCOW (ICIS news)--Russia's potash producer OAO Silvinit has filed a suit at the Moscow Arbitration Court to contest a Federal Antimonopoly Service (FAS) ruling that it had to drop its prices, the company said in a statement on Tuesday.
Silvinit claimed that the FAS illegally ordered it in May to cut its domestic price to roubles (Rb) 2,100/tonne ($82/€60), while another potash producer, Uralkali, was allowed to sell potash at a higher price, Rb2,950/tonne.
The FAS also ordered Silvinit to pay Rb62m ($2.4m/€1.8m) in fines.
Silvinit, based in Solikamsk in the ?xml:namespace>
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