PM’s supermarket visit puts spotlight on rising prices
Published: 25 June, 2009, 10:37
TAGS: Markets, Russia and the global economy, Economy, Finance
The state may soon control retail prices in Russia. A new legislation on retail business in Russia is to take its final shape in 10 days.
According to a survey, 75% of Russians view growing prices as the countries biggest problem.
Russia's Prime Minister interrupted the Cabinet meeting on Wednesday to make an unexpected visit to one of Moscow's supermarkets. He wanted to check the prices for certain grocery items.
Returning to the White House, Putin called on producers, retailers and legislators, to make a joint effort to control food prices.
“The economic slowdown has slashed people's incomes. At the same time, we see that prices, and especially food prices do not go down, and in some food categories even go up. That's social injustice, and we can't allow it to happen.”
25.06.2009, 10:30
Russia’s ultra rich take hammering with their global peersThe wealth of the world's rich and ultra-rich population has dropped by 20 % to $33 trillion. |
25.06.2009, 10:46
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World bank gloom on Russian economy as OECD looks for sharp reboundThe economic crisis is changing the structure of Russia's population, boosting the number of poor and cutting the middle class. It's part of the World Bank’s forecast for this year - and it just got more gloomy. |
