The Federal Antimonopoly Service (FAS) proposes to grant Russian regional governments the right to exert price controls and limit the prices of any goods, Izvestia daily reports a document on amendments to the government decree.
Such price controls would be most relevant in regions with high inflation, low incomes and limited access to certain goods, where prices are significantly higher than in neighbouring regions, Alexei Nikonov of the Ministry of Industry and Trade commented to Izvestia.
Currently the regional authorities can control price increases only for 24 positions of socially important essential products.
The analysts surveyed by Izvestya believe that in addition to the prices of bread, meat, vegetables and fruit, the prices of medicines, hygiene products, clothing, footwear, building materials and pet products could now become subject to restrictions.
The FAS does not define specific categories of goods for which prices will be reduced; this will be decided by regional authorities.
Related Articles
Ukraine faces a difficult choice over US peace deal talks: lose its dignity or lose a partner
Ukrainian President Volodymyr Zelenskiy recorded a video address to the nation saying Kyiv faces a difficult choice: the country could lose its dignity by accepting the plan, or it could refuse and ... more
Turkish LPG carrier set on fire during Russian drone attack
A Turkish LPG carrier docked at the port of Izmail, Ukraine, was hit by a Russian drone during an attack, sparking a fire on the vessel, which has now been extinguished. According to the Maritime ... more
Egypt and Russia finalise key agreements for Dabaa Nuclear Power Plant
Egypt has signed an agreement with Russia’s Rosatom to secure the nuclear fuel supply for Unit 1 of the Dabaa Nuclear Power Plant, Al Ahram reported on November 19. Officials said the agreement ... more
Most Read
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago