Belousov: agreements on price stabilization worked

Agreements with businesses to stabilize prices for sugar and sunflower oil have worked, said Russian First Deputy Prime Minister Andrei Belousov in an interview with RBC. He added that the monetary support of Russians during the crisis had little effect on inflation.

“Of course, it worked (agreements.— “B”). There is a problem of getting out of this situation – it is different for each market. We are now withdrawing from the sugar agreement on June 1. But, as far as I understand, companies are still going to hold prices for the foreseeable future, because they understand the consequences enough, ”he said.

Mr. Belousov announced plans to intervene in the sugar market. “We bought it. There is no sugar on the world market now, just not. Now it was bought with great difficulty, this sugar was collected from all over the world, everything was sold out, ”he added.

In addition, the First Deputy Prime Minister appreciated the support of the Russians during the crisis. “In the conditions when earnings sagged, I think that the fact that we distributed money played little on inflation,” he said.

Earlier, Kommersant reported that on the eve of the end of the June 1 agreement on fixing sugar prices, the Ministry of Agriculture began to consider new measures to regulate the market. Among them – the creation of an intervention fund to stabilize prices, as well as the continuation of quotas for duty-free imports.

More details about the plans of the department – in the material of “Kommersant” “Sugar will not be found.”

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