INSUBCONTINENT EXCLUSIVE:
Suppliers of bread, dairy, chocolate and beer in Russia have informed retailers of impending price increases of up to 40% over the next
month, the business daily Kommersant reported Thursday, citing price-increase notices from at least 13 companies.The price hikes, slated for
August and September, are being attributed to a combination of high inflation and expensive loans, as well as the rising costs of shipping,
personnel, packaging and raw materials.A retail market source who spoke to Kommersant on condition of anonymity blamed the Russian Central
products would see a price increase of 10% due to rising raw material costs.German chocolate maker Ritter Sport, which maintains operations
in Russia, plans to raise prices by 40% starting Sept
Mars, which also still does business in the country, indicated that prices for its Dove chocolates and Skittles candies will increase by 19%
and 13% respectively from Sept
July compared to the same period last year.A Message from The Moscow Times:Dear readers,We are facing unprecedented challenges
Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting
our staff at risk of prosecution
This follows our earlier unjust labeling as a "foreign agent."These actions are direct attempts to silence independent journalism in Russia
The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide
accurate, unbiased reporting on Russia.We, the journalists of The Moscow Times, refuse to be silenced
But to continue our work, we need your help.Your support, no matter how small, makes a world of difference
If you can, please support us monthly starting from just $2
It's quick to set up, and every contribution makes a significant impact.By supporting The Moscow Times, you're defending open, independent
journalism in the face of repression
set.
We will send you one reminder email a month from now
For details on the personal data we collect and how it is used, please see our Privacy Policy.
