The President of Russia Vladimir Putin signed a law allowing the government to decide for itself when regulate food prices, writes RIA Novosti .
Currently, the government can set maximum prices (for up to 90 days) if in one or more regions they have increased by 30 percent or more within 30 days. The listing of products in the draft law is also left to the discretion of the government.
At the moment, the list includes beef, pork, lamb, chicken, fish, butter and sunflower oil, milk, eggs, sugar, salt, tea, flour, bread, rice, millet, buckwheat, vermicelli, potatoes, cabbage , onions, carrots, apples. The vice-speaker of the lower house of parliament Alexander Zhukov pointed out that the law will allow the government to respond more quickly on prices in stores.
Chapter Ministry of Industry and Trade Denis Manturov earlier said that the introduction of state regulation of food prices would break the principles of the economy, and promised that the authorities would not come to that.