Retail

Russia's FAS Set To Monitor Prices Of 'Socially Significant' Food Products

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Russia's Federal Antimonopoly Service (FAS) is to monitor the prices of 24 'socially significant' food products, including meat, fish, milk, eggs, cereals, tea and bread items, as part of an initiative to prevent unjustified price increases in the marketplace.

The measure follows a dispute between the FAS and a number of leading retail chains, including Magnit, X5 Retail Group and Lenta, on the back of customer complaints about increasing food prices.

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