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Order of April 6, 2021 No. 885-r, Resolution of April 6, 2021 No. 544.

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Order of April 6, 2021 No. 885-r

Resolution of April 6, 2021 No. 544

Manufacturers of sunflower oil and granulated sugar are partially compensated for the costs of manufacturing and selling products. This order was signed by Prime Minister Mikhail Mishustin.

The decision concerns the companies that participate in the agreements on the stabilization of prices for foodstuffs. In total, 9 billion rubles will be allocated for compensation from the reserve fund, which will allow fixing the cost of 1 kg of sugar at a level not exceeding 36 rubles for wholesalers and 46 rubles for retail buyers, 1 liter of butter – at the level of 95 and 110 rubles, respectively. The transfers will be distributed based on requests from the regions.

It is expected that at such prices will be sold at least 600 thousand liters of oil and at least 600 thousand tons of sugar.

The rules for providing payments have also been approved. The document states that companies that have fixed prices will receive compensation at the rate of 10 rubles per liter of butter and 5 rubles per 1 kg of sugar.

Earlier, the Government extended agreements with market participants to stabilize prices. For sand sugar, they will be valid until June 1, 2021, for sunflower oil – until October 1, 2021.

The decisions taken are part of a set of measures to reduce food prices, developed by the Government on behalf of Russian President Vladimir Putin. As part of this work, duties on a number of agricultural products were adjusted, tools were created to support millers and bakers, and the price monitoring system was improved. For a prompt response to the situation, an interdepartmental working group was also formed under the leadership of First Deputy Prime Minister Andrei Belousov.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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