The impact of the Ukraine crisis is now visible in Russia as well. The Russian government has started imposing restrictions on food items in its own country. The government said on Sunday that retailers in Russia would limit the sale of essential food items to curb black marketing.
Recently, the Ministry of Trade and Industry had said that there have been cases where essential food items were bought in huge quantities. After this the decision has been taken. A ministry statement said trade organizations representing retailers, through a resolution, asked that retailers be allowed to limit the quantity of goods sold to individuals at any one time.
A release said the Ministry of Industry and Trade and the Ministry of Agriculture supported the initiative of the trade associations and the same was allowed. It was also said in the statement that these organizations themselves will make a policy on this matter.
Explain that essential goods include bread, rice, flour, eggs and select meat and dairy products, the prices of these goods are subject to state control.
Could an attack on Ukraine lead to a global financial crisis?
Russian attacks on Ukraine’s capital Kyiv and other cities have added to the uncertainty in the global economy. (Russian President Vladimir) Condemning Putin’s war, Western countries have announced some economic sanctions targeting Russian financial institutions and individuals.
These sanctions include removing some Russian banks from the ‘Swift’ system used for international payments, freezing the assets of Russian companies and industrialists in Western countries and allowing Russia’s central bank to use up to $630 billion of foreign exchange reserves. Including preventing.
state of war