Page 93 - RusRPTFeb22

12% discount to the blended price of its public peers.
9.1.5 Retail sector news
Russia’s Ministry of Agriculture, the Ministry of Trade and Industry and the Federal Anti-Monopoly Service are trying to persuade retail chains to lower mark-ups for socially important products to 5% through 1 July (the start of the new agricultural year), according to Kommersant. The products are to include beets, carrots, cabbages, potatoes, onions, drinking milk, cottage cheese, kefir, butter, sugar, and non-durable bakery products. Food retail chains have already proposed various initiatives and are implementing them on their own. These include participating in price monitoring on a weekly basis, establishing 10% mark-ups by year end 2022 on some categories (vermicelli, selected vegetables, bread, milk, butter, buckwheat, and some others) or zero mark-ups for certain products (chicken carcasses, broiler meat, pasteurised milk of 2.5-3.2% fat, bread and bakery products with an expiry date of up to ten days).
9.1.6 Agriculture sector news
9.1.7 TMT sector news
The online sales of FMCG goods (food, beverages, household chemicals, other), surged 2.5x y/y to RUB329bn last year, according to Data Insight.
93 RUSSIA Country Report February 2022 www.intellinews.com