Mondi’s Russian subsidiary under antimonopoly investigation

Dual-listed packaging and paper group Mondi on Monday denied any wrongdoing following the launch last week of an investigation by Russia’s Federal Antimonopoly Service (FAS) for allegedly violating certain aspects of the country’s antimonopoly law. In a statement released on Friday, the FAS said it had officially opened a case against Mondi’s Russian subsidiary Mondi Syktyvkar on March 30 to investigate the possible fixing of a “monopolistically high price” for offset paper.