Producers in Russia should not raise prices in proportion to ruble decline - PM

Producers in Russia should not raise prices for food in proportion to the decline of the ruble's exchange rate, Russian Prime Minister Dmitry Medvedev said during a meeting with the director of the Federal Antimonopoly Services (FAS) Igor Artemyev on Friday.

Producers in Russia should not raise prices for food in proportion to the decline of the ruble's exchange rate, Russian Prime Minister Dmitry Medvedev said during a meeting with the director of the Federal Antimonopoly Services (FAS) Igor Artemyev on Friday.

"Very often, when the production of our goods is concerned, including food goods, which in general are not in any way connected with imports, a perfectly primitive system is used: if the decline of the ruble happens in a certain proportion, we will raise the price for the good by the same amount. This is intolerable," he said.


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