Proposed Expansion of Agreement Negotiations for Price Stabilization by FAS
In a bid to maintain pricing stability and increase the availability of goods, the Federal Antimonopoly Service (FAS) of Russia has proposed extending the term of the price stabilization agreements, as outlined in Russian Government Decree No. 662. The current expiration date for Decree No. 662 is May 2026, but the FAS is seeking to extend its validity until December 31, 2029.
These agreements, which have been in effect in 70 regions of the country as of August 2025, involve 259 producers, 63 wholesale organizations, over 13,000 retail businesses, 161 pharmacy chains, and 3 fuel station networks. The purpose of these agreements is to improve the price situation in the consumer market and make goods more affordable for citizens.
The agreements concern temporary price agreements between regional authorities and businesses. However, the specific terms of these agreements, including the type of goods or services affected, have not been disclosed by the FAS. The proposed extension does not specify any changes to the terms or scope of the agreements.
In regions where these agreements are in effect, a positive effect has been observed compared to other regions. This extension is expected to continue this positive impact, ensuring that consumers continue to benefit from stable prices and increased availability of goods.
The FAS has proposed a 3-year and 8-month extension for these price stabilization agreements. The proposal has been submitted as a draft resolution and published on the official portal for regulatory legal acts. If approved, these agreements will continue to play a crucial role in maintaining the Russian consumer market's stability until the end of 2029.
[1] Source: Official portal for regulatory legal acts [3] Source: FAS of Russia website
The extension of the price stabilization agreements, as stated in the draft resolution on the official portal for regulatory legal acts, seeks to involve various entities within the industry, finance, and business sectors, such as producers, wholesale organizations, retail businesses, pharmacy chains, and fuel station networks. This extension is expected to positively impact the consumer market, thereby making goods more affordable for citizens in regions where these agreements are in effect, thus sustaining the overall stability of the Russian market until the end of 2029.
