The countries of the Eurasian Economic Union (EAEU) should take action on the prices of socially important goods as quickly as they did with sugar, said Russian President Vladimir Putin. In April, the Eurasian Economic Commission (EEC) decided to remove import duty on sugar, this measure will be in effect from May 15 to September 30, 2021.

During his speech at a meeting of the Supreme Eurasian Economic Council, Mr. Putin said that due to the unstable world market conditions, there were problems with sharp fluctuations in prices for socially significant products. “Not so long ago, the EEC made specific decisions aimed at consolidating the pricing policy of the EAEU states in the sugar market. Measures should be taken just as promptly on other types of products, when required, “the President of the Russian Federation believes (quoted by “RIA News”).

At the end of 2020, after the rise in sugar prices noticed Vladimir Putin, Russian suppliers and retail chains agreed on fixing the selling prices at the level of 36 rubles. per 1 kg, retail – 46 rubles. for 1 kg. The agreement was supposed to be valid until March 31, but it was extended until June 1. According to the Ministry of Agriculture, only companies with a share of the Russian Federation in the capital of at least 50%, experience in selling agricultural products at organized auctions and with experience in international trade operations can count on sugar sales within the EAEU duty-free quota, according to the Ministry of Agriculture.

Details – in the publication of “Kommersant” “Preferential sugar is divided by company”