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State Duma goes back to price regulation
18.05.2007 11:43
State Duma goes back to price regulation

The Russian State Duma is working out a bill on main principles of price administration control in the economy of the country. Some deputies say the bill is to be considered in December 2007. The bill will not directly regulate prices, but provide an opportunity to implement regulation. Direct regulation will be stated only by laws controlling peculiar industries.
      Currently prices on production of state monopolies gas, electricity, rail transport, tariffs in ports and airports along with public utilities tariffs are regulated by the government.
      However, the government stands against price regulation, as it may lead to shortage of goods.


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