UEFA to consider Russian football player Eremenko’s appeal on March 2Sport January 25, 4:37
Serbia, Kosovo agree to continue high-level meetings — agencyWorld January 25, 4:00
Syrian talks in Astana successful - Turkish top diplomatWorld January 25, 2:39
Russia’s Shumakov center boasts record number of heart transplantations in 2016Society & Culture January 25, 0:48
EU-Moldova association deal may be scrapped if people say so — presidentWorld January 24, 23:10
NATO experts arrive in Moldova to assist in developing military strategyWorld January 24, 21:13
FIA F1 top management reshuffle unlikely to affect Russia’s Sochi GP — expertSport January 24, 20:42
Russia hopes for constructive work with Trump's administration at G20Business & Economy January 24, 20:29
Everything you need to know about Oscars 2017 nominationsSociety & Culture January 24, 19:57
MOSCOW, September 09. /ITAR-TASS/. Russia’s Federal Antimonopoly Service will support a government decision to give the regional authorities a right to control food prices after the country has introduced a ban on food imports from the EU but it will not support fixed prices, Director Igor Artemyev told the Vedomosti business daily on Tuesday.
“There is a misconception that the regional authorities have no right to sign agreements with producers, that it limits competition and that this is prohibited by the antitrust legislation. The antitrust laws ban deals which lead to a price rise, and the deals to hold down or to cut prices are welcome because this is in the consumers’ interest,” he said.
Price reduction must be justified to avoid deficit, Artemyev said.
The main aim of this policy is to fend off the effect of consumers’ price growth expectations, Artemyev said. According to the official, this step proved efficient in 2007-2008.
“We must take the sanctions into consideration. We also know the forecast inflation in the country, and this is it. If we see that prices are soaring for real, we will analyze the market, compare prices,” he said.