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.