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Government offers new ways of controlling product price growth in Russia

Regions will be able to make agreements with the most suitable prices directly with product suppliers and product retailor chains.

26.Aug.14 2:37 PM
By Anna Repina


Government offers new ways of controlling product price growth in Russia
Ministry of Agriculture was worrying about possible rapid product price growth in the nearest future. This information was revealed no so long ago. Such price growth may result in implemented import limitation for different countries.

That is why specialists of Ministry of Agriculture decided to introduce new tool that will help to prevent product price growth in August. The main idea of the project is to let regions make agreements directly with food product suppliers considering their prices and choosing the most appropriate variant. Russia already has experience of such form of cooperation. It was implemented in 2007-2010. They have proved to be rather successful.

Terms of project approval have already been expired on the 23rd of August. At the same time The Head of Ministry of Economy Development has already approved this project along with the Head of Ministry of Industry and Sales. Representatives of Federal Antimonopoly Service have refused to provide any comments regarding this project.

It should also be mentioned that such form of cooperation does not interfere with existing laws and legislations due to the fact that they are temporary and are implemented in favor of consumers.

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