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EEC Board approved extending state regulation of prices for socially relevant goods in Belarus

EEC Board approved extending state regulation of prices for socially relevant goods in Belarus

3/24/2021

On March 23, the Board of the Eurasian Economic Commission agreed to extend state regulation of prices for socially relevant goods in the Republic of Belarus up to and including June 29, 2021.

The list of such goods includes 18 commodity items: dairy products, meat, butter and sunflower oil, baby food, potatoes, cereals, etc.

It is expected that the EEC Board’s decision will help prevent speculative rise in prices for socially relevant goods in the Republic in light of increasing global prices for food products due to restrictive measures imposed by a number of States because of the spreading COVID-19 infection.

The EEC Board’s decision was preceded by consultations of the Commission’s Antitrust Regulation Department involving the EAEU countries’ authorized state authorities supporting the proposal put forward by the Belarusian side.