The State Duma in the first reading approved the decoupling of Russian prices from global prices | Economics | Money

The State Duma in the first reading approved the decoupling of Russian prices from global prices |  Economics |  Money


State Duma deputies in the first reading approved a bill that would establish the independence of domestic prices in Russia and decouple them from indicators on world commodity markets. The Parliamentary Newspaper writes about this.

Currently, prices in the country are based on indicators established in foreign markets. For this reason, the cost of goods or services often increases only due to an increase in the global price.

The authors of the bill propose to change the situation. The document states that when an economic entity sets a monopolistically high or low price, changes in the cost of goods on world markets should not be taken into account.

According to the bill, FAS will have the opportunity to send warnings to business entities about the inadmissibility of actions that could lead to a violation of antimonopoly legislation. A warning can be sent based on information received about a hypothetical violation from any sources, explained one of the authors of the document, Senator Alexander Savin.

“Other sources are the Internet, contractors, and citizens’ appeals. There is a good tool – a preventive visit, which allows you to give a warning about illegal actions,” the parliamentarian clarified.

Earlier, Russian Prime Minister Mikhail Mishustin called on the Federal Antimonopoly Service to promptly respond to cases of unjustified price increases in the field of state defense orders.

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This news article has been translated from the original language to English by WorldsNewsNow.com.

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