Kazakh Authorities Uncover Breaches of Exchange Trading Rules in Pavlodar Region
Kazakhstan cracks down on illegal cement sales in Pavlodar region
Regulators in Kazakhstan have identified violations of mandatory commodity exchange trading rules in the Pavlodar region, according to a report from the country's Agency for the Protection and Development of Competition.
Under Kazakh law, cement must be sold through commodity exchanges if production exceeds a set threshold. However, authorities found that Portland cement in the Pavlodar region was being sold in circumvention of this requirement.
Twenty-one administrative fines were issued under an expedited procedure, with penalties reduced by 50%. The violators paid a total of 4.5 million tenge in fines.
Earlier, similar violations were uncovered in the Karaganda region, where potatoes were found to be sold outside regulated commodity exchanges.
