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Russia: Watchdog to gain more control over food prices

By  |  February 3, 2015

Due to rising inflation Russian officials are considering putting a price cap on “essential food products,” reports the Moscow Times.

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    “We will see how to efficiently place [the restrictions] into law,” the deputy prime minister Arkady Dvorkovich said.

    He also added that the government may give “the state competition watchdog more power in enforcing existing retail market regulations,” reports the Moscow Times.

    Dvorkovich’s comments come after a series of inspections of Russian grocery stores by the Prosecutor-General’s Office aimed at uncovering unjustified price increases.

     

    Full Content: Reuters

     

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