Prosecutor General Yuri Chaika won’t avoid the inflation pressure.
Photo: Mikhail Razuvaev
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Inflation Is Cognizable
Russia’s Prosecutor General Office has joined the inflation battle. There, they are setting up a taskforce to monitor price growth, fight price collusion and oppose exchange manipulation. In line with demand of Prime Minister Vladimir Putin, the new counter-inflation division will coordinate the enforcement pressure on prices of certain markets.
The RF Prosecutor General Office reported yesterday the creation of an interdepartmental working group “to coordinate joint actions for opposing price collusion, exchange manipulation that lead to the price increase; for the purpose of monitoring this situation [with price growth], efficient exposure and elimination of violations of current laws, taking coordinated actions against the wrongdoers.”
The group will unite representatives of Interior Ministry, Federal Antimonopoly Service, Federal Service for Tariff Rates, Federal Financial Market Service, Transport Ministry and Agriculture Ministry. For the first time in Russia, the bureaucrats have created a taskforce of enforcement departments to oppose inflation.
People in Federal Antimonopoly Service that are authorized to directly respond to the price collusion under the RF laws confirmed the emergence of new division under the Prosecutor General Office. It hadn't been their initiative, they pointed out. The comments of other ministries were similar.
The prices surged 9.1 percent from early this year to mid-July.
www.kommersant.com
All the Article in Russian as of July 23, 2008
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