Kremlin Warns Against Panic Buying as Food Prices Rise Fast

INSUBCONTINENT EXCLUSIVE:
The Kremlin has told Russians not to panic buy staple goods such as sugar and buckwheat as prices rise at a record rate and shortages have
consequences from its invasion of Ukraine, data published by the Rosstat statistics agency shows.The dramatic fall in the ruble, combined
with Western financial sanctions and airspace bans, has disrupted the supply of imported goods and foods into the country.Despite being a
net exporter of sugar, prices have risen by more than 15% over the last two weeks according to government statistics
Agriculture Minister Dmitry Patrushev told the state-run Rossiya-24 TV channel later Friday
The Kremlin has already banned some sugar and other agricultural exports and has previously rolled out price controls for staple goods at
times of high inflation.