MOSCOW, February 28 – RIA Novosti. A shortage of products in Russia is excluded, there are no prerequisites for sharp price changes either, the press service of the Ministry of Industry and Trade of the Russian Federation told RIA Novosti.
“The shortage of products on the shelves of Russian stores is completely ruled out, there are also no fundamental prerequisites for a sharp imbalance in the market in terms of prices – the Russian government has enough tools to respond in time if the situation demands it,” the ministry said.
The department indicated that at present Russia has a developed and diversified trading system. “The Ministry of Industry and Trade of Russia is in constant contact with trade networks, the Ministry of Agriculture of Russia, the Ministry of Economic Development of Russia and the Federal Antimonopoly Service,” the press service added.
In December, the government announced a set of measures in connection with the rise in food prices in Russia. Producers and retailers have signed agreements to stabilize prices for sugar and sunflower oil. If producer prices do not decrease, it is possible to introduce an export duty on oil (at the same time, its rate for sunflower has been increased since January 9) and the duty on the import of cane sugar into the Russian Federation will be canceled.
From February 15 to June 30, 2021, a quota for the export of wheat, barley, rye and corn will be introduced, and from February 15 – an export duty for wheat. State support measures are provided for sugar producers, bakers and millers. Finally, the bar for price fluctuations for socially important goods, above which there is a right to directly regulate their prices, has been reduced to 10% from 30%.