Retail rules will be rewritten // How the new FAS bill on price control can affect business

Retail rules will be rewritten // How the new FAS bill on price control can affect business

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The Federal Antimonopoly Service has finalized the bill on punishing retailers for unjustified price increases, RBC has reviewed the document. FAS sent it to the government in December, then it was proposed that an increase in the cost of goods by a third within 60 days would be considered a violation. The new version refers to an increase in inflation of 5% during the same two months, which cannot be explained by economic factors. By these, the service understands changes in demand or supply, fluctuations in prices for raw materials and components, seasonality and some others. The government will determine which products this measure will affect.

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