FAS seeks to prevent further cement price increase

FAS seeks to prevent further cement price increase
Published: 11 December 2007

The Federal Antimonopoly Service (FAS Russia) submitted its proposals on the economic policy package, aimed at preventing further cement price increase, to the Chairman of the Government of the Russian Federation, Viktor Zubkov, and the First Deputy Chairman of the Government of the Russian Federation, Dmitry Medvedev. The package comprises ten major measures: 1. Creating conditions for increasing cement output within the framework of the national project "Affordable and comfortable housing to the people of Russia". 2. Early abolition of import tariffs and introduction of export duties on cement. 3. Improving cement exchange trading. 4. State interventions on the cement market through commodities exchanges. 5. Resolving raw materials and infrastructure problems (imbalances between the interests of land-users and subsoil users, acute shortage of cement storage elevators, absence of the programme on prospecting new deposits of cement raw materials)