Russia’s Federal Anti-Monopoly Service (FAS) has detected a cartel conspiracy among a number of companies producing construction materials that decided to take advantage of the shortage due to sanctions and inflated prices. This was stated by Deputy Prime Minister of the Russian Federation Marat Khusnullin. “Russian newspaper”.
According to him, the department conducted an investigation and opened a criminal case. Special attention is now paid to material prices in new areas where housing is being restored.
“Due to rising prices, people are not investing the amount of compensation they receive. Therefore, the decision was made to increase the payment amount,” Khusnullin said.
The Deputy Prime Minister added that the prices of some important construction materials are subject to monthly control. Before this, an increase in the prices of rolled metal, cement and other goods was reported.
According to Rosstat, prices of construction materials in Russia increased by an average of 20-40% during the year. Thus, brick prices increased by 43 percent and concrete block prices increased by 39 percent.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.