The Central Bank advocated targeted assistance to the poor instead of regulating prices in stores

Relevant information is given in the analytical note "Price regulation: when to stop?", Published on the website of the Central Bank.

As noted, the direct regulation of prices allows you to stop their growth, but only in the short term.

The Central Bank explained that in the future, such measures create imbalances in the commodity markets and may entail negative consequences for regulated industries and the economy as a whole.

The Policy Brief emphasizes that direct price regulation "cannot protect against the rise in world prices in the long term."

As specified, from a social and economic point of view, a more preferable alternative to price regulation may be the provision of targeted material assistance to the poorest segments of the population.

The authors of the analytical note noted that the content of the analytical note may not coincide with the official position of the Bank of Russia.

In 2022, Russia may introduce tariff quotas on sugar and meat imports.

This proposal was made on November 10 by the head of the Ministry of Agriculture Dmitry Patrushev.

Read more in the material RT.