The Kremlin is the rise in food prices to “rising costs of feed” – RBC

The Kremlin is the rise in food prices to "rising costs of feed" – RBC

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Russian presidential aide Andrei Belousov said that the rise in food prices in the Russian market is not associated with the introduction of the food embargo on a number of products of Western countries, but with the “rising costs of feed” . Belousov said about this in “Vesti on Saturday” on channel “Russia 1″.

Belousov acknowledged that prices in the Russian market “really grown up”, but stressed that “this is nothing to antisanktsiyam does not have.” According to Belousov, prices “have grown before, as we all (food sanctions – approx. RBC) have entered.”

Belousov noted that the rise in the cost of feed, in respect of which rose products on the Russian market, was “the past and before the last harvest.”

about the possibility of further sanctions, which may enter Russia in the EU, the Belousov said that the authorities have already developed a “different measures – from the mildest to the most severe.” Belousov noted that Russia has prepared responses to all possible EU sanctions – “from the very small to the sanctions Iranian-style».

Earlier Belousov said that in response to a second package of EU sanctions Russia may restrict the import of cars and some light industrial products. Economic Development Minister Alexei Ulyukayev 12 September added that the new response to sanctions may also relate to the supply of refrigerators and chemical products.

The first Russia’s response to Western sanctions has been the introduction of the embargo on August 7 for 1 year on a number of goods from Europe, Canada, USA and Norway. Ban touched supplies of beef, pork, fruits and vegetables, meat, poultry, cheese, milk and dairy products. Moscow intends to replace a prohibited agricultural products from Latin America and Asia.

According to the results of August food price inflation in Russia was 10.3%. Outperformers steel meat and poultry (rose by 2.5% compared to July). In early September, prices have continued to rise – chilled chickens rose 1% pork – by 0.8%, cheese – 0.6%, fish and beef – by 0.3%. Cucumbers rose by 4.9%, apples rose by 0.2%. Since the beginning of the year prices rose by 5.8% already.

George Peremitin

September 13, 2014

RBC