The Russian economy has taken a hit, with inflation rising sharply and the ruble in free fall. Queues at Russian supermarkets to secure sugar, in fear of severe shortages due to Western sanctions, continue.
As seen in a new video circulating on Instagram, older citizens are seen fighting over bags of sugar, taking the product from each other's trolleys in a frenzy and fear of not being able to find it again.
Russia's Federal Antimonopoly Service (FAS) announced 48 hours ago that it will conduct inspections of large sugar producers to avoid the creation of cartels due to sharp price increases and "unjustified" shortages in some regions due to high demand.
Many Russians see sugar, along with other staples such as buckwheat and salt, as a useful commodity for storage in times of crisis.
Russia has banned sugar exports until August 31 and has proposed importing 300,000 tonnes of sugar and raw sugar duty-free as part of measures it hopes will cushion domestic inflation.
Source: Proto Thema
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