FAS WILL VERIFY WHETHER INCREASING PRICES FOR FOOD PRODUCTS IN THE FAR EAST IS JUSTIFIED

The Antimonopoly Service has drafted a relevant instruction to its regional Offices in the Far East Federal District

As the Government of the Russian Federation ordered to curtail goods deliveries from China, FAS has undertaken measures designed to prevent an unreasonable growth of prices for food products in the Far East Federal District.

The antimonopoly authority drafted instructions to its regional Offices located in the Far East Federal District, according to which they should monitor retail prices for socially important food products.

Also, the above regional Offices will open “hot lines”, calling which individuals and organizations can give information about any incidents of increased prices for food products.

Based on the results of monitoring and analyzing the information received on “hot lines”, if a considerable growth of prices for essential food products is revealed, regional FAS Offices will organize inspections. If, upon the results of such inspections, elements of violating the antimonopoly law are exposed, regional FAS Offices must immediately undertake measures of antimonopoly control (issuing warnings, opening cases on violating the antimonopoly law).

Also, prompt and efficient interaction with regional executive bodies and Prosecutor’s Offices should be established to engage them in such inspections and undertake awareness-raising efforts across the business-community.

If elements of violating the antimonopoly law by food products suppliers, located in other regions, are exposed, inspections will be carried out by FAS Central Office.