The Group operates in strict compliance with Russian law and the laws applicable in the jurisdictions of its presence and historically places increased focus on legal risks.
The risk of the antimonopoly regulation activities of the Company/Group assets being discovered to be in violation of Russian law
The likelihood that the Office of the Federal Antimonopoly Service may issue resolutions on the ascertained violations of the antimonopoly laws with respect to the Group’s power/heat supply assets may entail the necessity to form reserves for the identified estimated liabilities in excess of the reserves determined in the business plan.
The risk of the tax regulation activities of the Company/Group assets being discovered to be in violation of the law
There is a possibility of additional tax (fines, penalties) assessment by a tax authority based on tax audits conducted in connection with the identified violations of laws on taxes and charges.