of August 17, 1995 No. 147-FZ
About natural monopolies
Accepted by the State Duma on July 19, 1995
This Federal Law determines the legal basis of federal policy for natural monopolies in the Russian Federation and is directed to achievement of the balance of consumer interests and subjects of natural monopolies providing availability of the goods for consumers realized by them and effective functioning of subjects of natural monopolies.
This Federal Law extends to the relations which arise in the goods markets of the Russian Federation and in which subjects of natural monopolies, consumers, federal executive bodies, executive bodies of subjects of the Russian Federation and local government bodies participate.
The regulation of activities of subjects of natural monopolies provided by this Federal Law cannot be applied in the fields of activity which are not relating to natural monopolies, except as specified, established by the Federal Laws.
For the purposes of this Federal Law the following determinations of the basic concepts are applied:
natural monopoly - condition of the goods market in case of which the satisfaction of demand in this market is more effective for lack of the competition owing to technological features of production (in connection with essential lowering of costs of production per unit of goods in process of increase in production volume) and the goods made by subjects of natural monopoly cannot be replaced in consumption with other goods in this connection demand in this goods market for the goods made by subjects of natural monopolies to a lesser extent depends on the change in price for these goods, than demand for other types of goods;
the subject of natural monopoly - the business entity occupied with production (realization) of goods in the conditions of natural monopoly;
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