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Putin orders verification of data on overpricing of Russian power equipment by February

The Russian government was also instructed to analyze the sufficiency of the production volume of basic energy equipment to cover domestic demand and, if necessary, take measures aimed at boosting it

MOSCOW, November 11. /TASS/. Russian President Vladimir Putin has instructed the Federal Antimonopoly Service, the Industry and Trade Ministry and the Energy Ministry to conduct an investigation by February in connection with the increase in prices for Russian power equipment, according to the published instruction.

"The Federal Antimonopoly Service of Russia, together with the Industry and Trade Ministry and the Energy Ministry are to verify information on the presence of signs of violations of antimonopoly legislation that have led to an increase in prices for domestically produced power equipment, and, if necessary, take appropriate measures. Deadline: February 1, 2025," the document says following a meeting on the development of infrastructure in the Far Eastern Federal District, held on September 4, 2024.

The Russian government was also instructed to analyze the sufficiency of the production volume of basic energy equipment to cover domestic demand and, if necessary, take measures aimed at boosting it.

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