Prices for vegetables, meat and dairy products will fall in August. According to the forecast of the Ministry of Economic Development, the fall in prices will not be prevented by the increase in the value-added tax (VAT) from 18 to 20%, which occurred at the beginning of this year. “Deflation is expected in August, although it will not exceed 0.1 percentage points,” said in the ministry. The ministry explained that the decline in prices for vegetables, milk and meat will be associated with the onset of the summer season. The Ministry of Agriculture expects a good harvest in 2019. According to preliminary forecasts, the gross harvest of vegetables will. Read more...
Russian authorities began destroying shipments of illegally imported Western food products on Aug. 6, sparking huge protests online, with many Russians calling for the food to be distributed to the needy. State agricultural watchdog Rosselkhoznadzor, however, says that giving the food away would encourage corruption, and vows to bury and burn products that enter the country in violation of the embargo on Western food imports, despite the population's protests. As Russian bulldozers moved in to destroy 319 tons of illegal Western food imports on Aug. 6 in accordance with a controversial decree on the liquidation of banned foodstuffs, a public outcry was sweeping. Read more...
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