Such an order was given to the government by the President of the Russian Federation V. Putin.
Movement in this direction should, among other things, cover the shortage of products and help stabilize prices in the domestic market.
If you look at this issue from the economic point of view, this is a very correct move.
Firstly : our agricultural holdings have an almost monopoly position on the domestic market.
The influx of goods from the outside will increase competition, which should lead to price adjustment.
Secondly : in order for other countries to seek to import goods into Russia, a reduction in import duties is possible.
This, in turn, will also reduce prices.
We do not have enough products, or they are produced for various reasons in insufficient quantities. This situation is typical for all countries.
To reduce the deficit and regulate prices, the missing goods are imported from outside.
It makes no sense to produce expensive products if they can be imported cheaper from countries where production costs are lower.
The measures taken by the President and the Government are another step to curb food prices.
Agreements with the largest retail chains and manufacturers on maximum prices for sugar and butter are one of the links in this chain.
At the same time, the head of the Ministry of Economic Development Maxim Reshetnikov, and the head of the Central Bank Elvira Nabiullina, and Deputy Prime Minister Victoria Abramchenko believe that state regulation of prices is an emergency measure and the situation must be stabilized by economic means.
State regulation can only be applied urgently and temporarily. Otherwise, it can seriously harm the economy as a whole.
