Russia’s Federal Antimonopoly Service (FAS) has proposed extending the validity of price stabilization agreements between regional authorities and businesses until December 2029, the agency’s press office announced.
The current framework for these agreements is regulated by Russian Government Decree No. 662, which is set to expire in May 2026. To ensure continued price control mechanisms, FAS has submitted a draft resolution to extend the decree’s validity through December 31, 2029. The proposal has been published on the official portal for draft regulatory legal acts.
As of August 2025, such agreements are in effect across 70 regions of the country and involve 259 producers, 63 wholesale organizations, 13,098 retail businesses, 161 pharmacy chains, and 3 fuel station networks.
“This instrument is aimed at improving the pricing situation in the consumer market and increasing the availability of goods for citizens. Practice shows that in regions where agreements are in place, there is a positive effect on price dynamics compared to regions where they were not concluded,”
the FAS press release stated.
Earlier, the service explained that the mechanism imposes obligations on businesses to reduce or freeze prices, while prohibiting price fixing during periods of peak demand. For example, the agreements have been used to limit markups on chicken eggs.
Source: FAS
