OREANDA-NEWS  In Russia, they decided to untie domestic commodity prices from global indicators. According to Kommersant, the State Duma adopted in the first reading a bill that will allow the Federal Antimonopoly Service (FAS) not to take them into account when determining the monopolistically high and low cost of goods.

According to Tatyana Basova, head of the economic research department at Kulik & Partners Law.Economics consulting company, if the changes are approved, it will be more difficult to prove the validity of pricing in the country. The concept of a comparable market outside the country will disappear in antitrust regulation, added Yaroslav Kulik, managing partner of the company.

Earlier it became known that Russia may have a new way to curb the rise in prices for gasoline and diesel fuel. The Federal Antimonopoly Service wants to introduce the initial maximum cost of fuel sold on the stock exchange for government orders. The price of the contract must not exceed the arithmetic mean of the exchange and over-the-counter prices for the goods for the last three months preceding the month in which the contract or supplementary agreement is concluded. This corresponds to the roadmap for the development of exchange trading and will allow government customers to avoid inflated prices, increase competition and transparency of pricing, the ministry stressed.