Belarusian President Alexander Lukashenkoa known ally of the Russian Leaderight Wladimir Putinimposed a ban on consumer price hikes on Thursday in a bid to tame “exorbitant” inflation across the economy.
What happened: At a government meeting to discuss economic issues in Minsk, Lukashenko said his government will ban price increases from Thursday. reported the state news agency Belta.
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“From October 6, any price increase is prohibited. Prohibited! Starting today. Not tomorrow, but today. Lest they inflate prices throughout the day… God forbid anyone decides to raise prices or retrospectively one indexing,” Lukashenko said at a meeting of government ministers.
exceptions: However, Lukashenko is said to have announced exceptions for certain commodity positions and named the people who would be authorized to make such decisions.
“Such decisions can be made by the Minister of Antimonopoly Regulation and Trade, governors and the mayor of Minsk. Without their permission, no price may rise above today’s levels,” he said.
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In early July, the President of Belarus stood in front of one prospect of a revolt by his military against him for Putin’s partisanship in the Ukraine war. After the Belarusian leader said he would “stick with brotherly Russia,” his military officer class warned him against sending Belarusian soldiers to fight in Ukraine.
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