Economy

Experts assessed the intentions of the Russian Cabinet of Ministers to keep price growth down

Experts expressed doubts about the ability of FAS and the Prosecutor General's Office to fight price growth

Russian Prime Minister Mikhail Mishustin has instructed the Federal Antimonopoly Service (FAS) and the Prosecutor General's Office to fight price increases, especially in cases of abuse of monopoly position. However, experts are divided in their assessment of this measure.

Experts assessed the intentions of the Russian Cabinet of Ministers to keep price growth down
Photo: Freepik

Economist Maxim Dovgyallo noted that interference in the fight against prices will not solve the underlying problems, such as the discrepancy between planned and real budget expenditures. According to Alexei Petropolsky, a businessman and legal expert at Opora Rossii, the rise in prices is due to the country's dependence on imported goods and the devaluation of the ruble. He believes that the FAS should control monopolists, but interference in market processes can only aggravate the situation.

The head of the Central Bank Elvira Nabiullina earlier said that the acceleration of inflation was caused by a poor harvest and rising tariffs, so the government abolished customs duties on certain goods to stabilize the market.

However, experts, including Alexander Vinogradov, head of the St. Petersburg Consumer Rights Protection Society “Potrebnadzor”, believe that government intervention can only make producers temper their appetites, but in the long run, price regulation in a market economy will only lead to a shortage of goods. Commissioner for Consumer Protection of Moscow Alexander Luboserdov also warned that administrative regulation of prices can only exacerbate the crisis, reports Tsargrad.

Earlier it became known that despite the anti-Russian position of official Paris and sanctions, Russia continues to be an important partner for French companies. Also in the Russian Federation for the first time calculated the index of development of financial culture of the population.

Author: Наталья Чудесатова

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