ALMATY, Jan. 12 (Xinhua) -- A Kazakh court has fined a branch of Russian Railways for abusing its dominant market position by charging excessively high prices for its services, Kazakhstan's Agency for Protection and Development of Competition said Monday.
The agency's department for the North Kazakhstan Region completed an investigation into the Petropavlovsk branch of the South Urals Railway, a subsidiary of Russian Railways. The probe was launched following a complaint from a local enterprise over pricing for rail scale maintenance services provided by the company.
As a result of the investigation, the branch was fined 1.8 million tenge (around 3,500 U.S. dollars), and monopolistic income totaling 7.3 million tenge was confiscated. The court ruling has not yet entered into legal force, said the agency.
It said that the department's order has been complied with. Beginning Jan. 1, 2026, the price of rail scale maintenance services will be reduced by more than 28 percent. ■