Posted: 07.10.2022 12:21:00

Lukashenko signed directive on inadmissibility of price rise

Following the results of a meeting on the price situation in Belarus, President Aleksandr Lukashenko signed Directive No. 10 On Inadmissibility of Price Rise on October 6th – as reported by the Belarusian leader’s press service

The document was adopted to respond immediately and harshly to the situation developed in the consumer market. A ban on price increases is introduced, as well as obligations to unconditionally saturate the domestic market with goods and services in order to protect the interests of Belarus’ citizens and organisations, prevent further price increases, establish an effective price control system and saturate the domestic consumer market with goods.

The document also envisages liability for improper fulfilment of the requirements established in the directive.

A working group – led by the Chairperson of the Council of the Republic, Natalya Kochanova – has been instructed to develop proposals on measures to improve price regulation and submit them to the Council of Ministers within ten days, to ensure constant monitoring of prices and the state of the consumer market, to inform regulatory and law enforcement agencies about the detected violations for further response measures.

The Government has been tasked to approve and put a price regulation system into effect by October 20th, based on the working group’s proposals, and also to ensure effective control over price discipline.