Federal Antimonopoly Service (the FAS Russia) is an authorized federal executive body, which is carrying out its functions with regard to the approval of the regulatory legal acts and control over compliance with the antimonopoly legislation, legislation in the field of natural monopolies’ activity, in the field of state regulation of prices (tariffs) for the goods (services), advertising, foreign investments in the business entities of strategic importance for the Russian national defence and state security, control in the field of state defence order, purchases of goods, works and services for the state and municipal needs and procurement of goods, works and services by certain legal entities, as well as with regard to the approval of closed methods for selection of suppliers (contractors, performers).

Unlike the MAP Russia, the FAS Russia directly subordinates to the Government of the Russian Federation, but is not a part of it. On the one hand, it downgrades the status of the FAS Russia in comparison with the previous one. On the other hand, because the FAS Russia is empowered to control over relevant activities of public authorities, this fact provides an opportunity for competition authority to be more independent while initiates the proceedings against public authorities, first of all, federal ones. Thus, at present time the FAS Russia is a multifunctional authority, which, along with its 84 Regional Offices, exercises a wide range of functions differ greatly from the competences of “classical” competition authority.