|06 / 2004|
SURPRISE? QUITE PREDICTABLE
Russia experiences a surge in domestic crude and oil products prices. According to Moscow Fuel Association, from the beginning of the year gasoline retail prices hiked by 19–20% (Goskomstat, government's statistic arm, puts the figure at 16.8%), while wholesale prices gained some 27–30%. The government has already admitted that it has little if no control over the situation. An array of state agencies tries to influence the situation: the list of offered remedies features diverse options, but it is clear that none alone will be sufficient.
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