Support The Moscow Times!

Axel Springer Fined by Russia's Anti-Monopoly Watchdog

Axel Springer announced last month it was leaving the Russian market.

The Moscow branch of the Federal Anti-Monopoly Service on Thursday slapped German publishing house Axel Springer with a fine of 1 million rubles ($15,265) for violating advertising laws in four of its publications.

In a statement on its website, the watchdog said Axel Springer's magazines OK! and Forbes Woman

had published commercial content without marking them as "advertisements."

OK! had also advertised a digital media outlet without including a mandatory age rating, the statement said.

The watchdog cited that same violation for Gala Biografia — which it said had failed to include the age rating in ads for two Russian television channels.

A fourth magazine, GEO, was also named in the statement, but that publication's violations were not specified.

Axel Springer announced last month it was leaving the Russian market to comply with a law that limits foreign ownership of Russian media outlets.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.