Skip to content
Home » Blog » Russian stores limit sales of food staples as sanctions start to bite

Russian stores limit sales of food staples as sanctions start to bite

Retailers in Russia will limit sales of essential foodstuffs to limit black market speculation and ensure affordability, the govt says, as sanctions imposed over Moscow’s military incursion into Ukraine began to bite.

The trade and industry ministry says there are cases where essential foodstuffs had been purchased “in a volume clearly larger than necessary for personal consumption (up to many tons) for subsequent resale.”

Trade organizations representing retailers had proposed retailers be allowed to limit the quantity of specific goods sold to individuals at anybody time, the ministry’s statement says.

“The Ministry of Industry and Trade and therefore the Ministry of Agriculture supported the initiative of trade organizations,” the discharge says, noting that the organizations themselves would compute the policy.

Essential goods, whose prices are subject to state controls, include bread, rice, flour, eggs and selected meats and dairy products among others.

Moscow has been hit with a harmful package of monetary and cultural penalties by Western countries since the Kremlin initiated what it’s called “a special military operation” in neighboring Ukraine on February 24.