The Russian government informed that it has sufficient sugar to meet the domestic demand and warned consumers against panic-buying after the country was hit with sanctions from the West due to its military campaign in Ukraine.
Addressing through a television channel, Deputy Prime Minister Viktoria Abramchenko, in a meeting chaired by Prime Minister Mikhail Mishustin, warned the Russians against sugar stockpiling as there is sufficient sweetener in the country.
“We have sufficient sugar to cater to the domestic demand and there is no need for people to panic-buying the commodity as they did during the beginning of the Pandemic in 2020. This would destabilize the production network in the country,” said the PM.
Some regions in the country had reported a shortage of sugar due to panic-buying and the government has already banned the export of sugar until August 31 and set a duty-free quota for imports of 300,000 tonnes of sugar and raw sugar, hoping to ease domestic food inflation.
