Russian antitrust files 1st claim on price hiking on sanctions

Russia September 09, 2014, 18:25

The service will sue poultry maker Stavropol Broiler after finding out that its prices were far higher than the prices for the same products made by other plants

MOSCOW, September 09. /ITAR-TASS/. Russia’s Federal Antimonopoly Service has filed the first claim on abrupt food price increase since the prohibition of food imports from the EU introduced in August to retaliate Western sanctions, according to a statement by the authority published Tuesday.

The service will sue poultry maker Stavropol Broiler after finding out that its prices were far higher than the prices for the same products made by other plants, it said. Before sanctions, Stavropol Broiler used to sell its goods at the lowest prices on market, the watchdog said.

In response to Western sanctions over Ukraine, President Vladimir Putin signed a decree on August 6 to ban for one year the imports of agricultural, raw and food products from the countries, which imposed sanctions against Russia.

The list of the banned products includes cattle meat (fresh, chilled and refrigerated), pork (fresh, chilled and refrigerated), poultry meat and all poultry edible by-products, salted meat, pickled meat, dried meat, smoked meat, fish and shell fish, clams and other water invertebrates, milk and dairy products, vegetables, edible roots and tuber crops, fruits and nuts, sausage and analogous meat products, meat by-products or blood, as well as products made of them, ready-to-eat products including cheeses and cottage-cheese based on vegetable fats.

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