FAS: AN ADDITIONAL MECHANISM FOR STABILIZING PRICES FOR ESSENTIAL GOODS HAS BEEN DEVELOPED

It provides regional authorities with the opportunity to conclude agreements on restraining prices for socially significant food products with retail chains, if necessary*

The corresponding Resolution** was adopted by the Government of the Russian Federation.

FAS Russia emphasizes that the agreements will be voluntary and become a measure aimed at curbing prices. At the same time, the regions will independently determine the need to sign such agreements and the positions of the goods in respect of which they will be concluded.

The adoption of the document will contribute to the stabilization of prices for socially significant goods and increase their accessibility for citizens, which is especially important for the authorities of the new territories.

Reference:

* The list of certain types of socially significant essential food products is provided for by the Article 8 of the Federal Law of December 28, 2009 No. 381-FZ "On the basics of state regulation of trade activities in the Russian Federation" and approved by the Resolution of the Government of the Russian Federation of July 15, 2010 No. 530.

** The Resolution of the Government of the Russian Federation of  April 26, 2023 No. 662 "On the permissibility of agreements concluded by state authorities of the subjects of the Russian Federation with economic entities in order to stabilize prices for goods included in the list of certain types of socially significant essential food products, in respect of which maximum permissible retail prices could be established".