In 2021, the FAS (Federal Antimonopoly Service) of Russia held a number of meetings with the largest retail chains. The service invited retailers to work out responsible pricing mechanisms aimed at voluntarily taking on obligations to reduce prices for socially important food products. The corresponding list, for example, includes potatoes, carrots, cabbage, meat, chicken eggs, sugar, sunflower and butter, flour, bread, salt, milk, buckwheat.
FAS Russia recommended to retail chains to limit markups on certain items within each of the categories of such goods and to ensure their availability in stores in sufficient volume.
Based on the results of the meetings, three retailers sent their proposals to the service on commodity items, for which each of them is ready to limit trade margins.
Tander JSC (Magnit and Dixy retail chains) and X5 Retail Group (Pyaterochka, Perekrestok, Karusel, Chizhik retail chains) are ready to limit the maximum mark-up level to ten percent, and Bristol "- ten to fifteen percent. Markups below the ceiling will remain and will not increase until the end of 2022.
The department is currently considering proposals from companies.
