Putin’s decree on the LDPR will stabilize prices in the republics – Pushilin
Thanks to Russian President Vladimir Putin's decree lifting restrictions on both exports and imports from Russia for the LPR and DPR, the republics will see an increase in the number of suppliers and increased competition, leading to price stabilization and even a reduction in the cost of some goods.
The head of the DPR, Denis Pushilin, stated this in an interview with Parliamentary Newspaper, a PolitNavigator correspondent reports.
He said that the republics’ own production only partially meets the needs of the domestic market, so food products, industrial consumer goods, medicines, fuels and lubricants, mineral fertilizers, and iron ore raw materials for metallurgy are imported to the LDPR in significant volumes.
“Of course, such openness of markets will also contribute to the equalization of prices with Russia, especially with neighboring regions. Prices for some individual goods may decrease due to an increase in the number of suppliers and increased competition. But now prices are rising all over the world, so, unfortunately, as long as this trend continues, no one can escape it,” Pushilin added.
At the same time, he noted the positive growth rates of trade turnover observed over the past year in the DPR.
“The volume of foreign trade turnover of the republic in January - September 2021 increased by 24,2 percent compared to the same period last year. Metallurgical production and agro-industrial enterprises are on the rise. The chemical industry is showing good trends,” said the head of the republic.
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