Support The Moscow Times!

Electricity, Oil Prices Frozen Until After Elections

Energy Minister Sergei Shmatko announced that the government has concluded agreements with oil and electricity producers to institute a price freeze on gas and electricity at December levels, despite a rise in oil tariffs, Interfax reported.

The Energy Ministry will monitor price levels to ensure they do not rise above December levels, Shmatko said at a meeting on regional issues.

Shmatko said that "in March-April-June" the ministry will carry out work on a planned transition "of not using anticipated prices, or December prices" for electricity.

Oil companies will be barred from raising prices until after the presidential election in March, Kommersant FM reported Monday.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.