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MOSCOW, April 28 The Russian government has approved an additional mechanism to stabilize prices for socially important essential food products, the corresponding decree has been published on the legal information portal.
«Approve the attached exceptions in relation to agreements concluded by the state authorities of the constituent entities of the Russian Federation with business entities in order to stabilize prices for goods included in the list of certain types of socially significant food products of prime necessity, in respect of which maximum permissible retail prices may be set «, the text of the decision reads.
According to the Federal Antimonopoly Service (FAS), the adoption of the document will help stabilize prices for socially important goods and increase their accessibility for citizens which is especially important for the authorities of new regions.
FAS emphasizes that the agreements will be voluntary and will be a measure aimed at containing prices. At the same time, the regions will independently determine the need to sign such agreements and the position of the goods in relation to which they will be concluded.