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RUSSIA'S ECONOMY

United Russia party insists on government’s more decisive steps to curb prices

MOSCOW, January 19. /TASS/. The ruling United Russia party wants the government to take more decisive measures to curb rising prices, a senior lawmaker in the State Duma said on Monday.

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Head of the State Duma Committee for Labor, Social Policy and Veterans’ Affairs Olga Batalina made this statement after the United Russia faction met with Deputy Prime Minister Arkady Dvorkovich, Agriculture Minister Nikolay Fyodorov and Industry and Trade Minister Denis Manturov.

“The faction insists on the government’s much more decisive measures to curb prices because their growth largely reveals a speculative element,” Batalina said.

These price hikes stem from wholesalers and intermediaries rather than producers, she said, adding this situation was making social support measures inefficient as they “simply cannot catch up with the price growth,” she said.

The Russian government will deal with each particular case of food price hikes in the country, Dvorkovich said at the meeting with the United Russia faction.

The government and the antitrust watchdog are immediately responding to each specific case of food price hikes in every particular region, he added. “We’re examining seriously every particular case,” he said.

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