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Abkhaz authorities have unveiled a set of measures over growing economic concerns, as Russia, the occupied region’s benefactor and main import partner is heavily hit by international sanctions over the invasion of Ukraine.
In particular, to prevent further price increases, the Abkhaz cabinet introduced a list of basic food products and set the maximum size of trade mark-ups.
The list includes sunflower oil, butter, milk, eggs, sugar, salt, black tea, ground rice, buckwheat, corn flour and corn grits, beans, vermicelli, and baby food.
The marginal size of surcharges for wholesale sales of goods has been set at a rate of no more than 10% of its customs value, while in the retail network no more than 12% of its wholesale price.
Also, until July 1, import tariffs are removed for goods analogues of which are not produced in Abkhazia.