Institutional Support of Destructive Competition in Ukraine: State, Problems and Directions of Improvement

The article analyzes the institutional support of destructive competition in Ukraine. The legal basis for the regulation of destructive competition in Ukraine is considered. It was found that antimonopoly law has been significantly improved and expanded by regulations. It is noted that despite all the achievements, the legislation on the regulation of destructive competition in comparison with foreign counterparts is quite young and requires consideration of specific factors that objectively exist in Ukraine. Indicators that characterize the level of destructive competition in Ukraine are analyzed. The most common violations of destructive competition are monopoly abuse, anti-competitive actions of the authorities, anti-competitive concerted actions of economic entities and unfair competition. Quantitative indicators for each type of destructive competition violations in Ukraine for 2014-2020 have been studied. Data in terms of economic activities are presented. The ratio of fines imposed by the Antimonopoly Committee of Ukraine and fines paid for violations of the legislation on protection of economic competition in 2014-2020 is analyzed. The directions of improvement of institutes of restraint of destructive competition in Ukraine are offered.