The Federal Antimonopoly Service (FAS) of Russia has recorded complaints from citizens about the rise in the price of several products amid a decline in imports from China due to coronavirus. Mr Andrey Tsyganov, the deputy head of the FAS Russia has commented on the situation with the following statement - "We see reports about prices rising for some products, but not from reports of our territorial administrations, but the media and citizens".
Earlier, due to the spread of the coronavirus, the Russian Federation has closed checkpoints in the Far East, which has further caused the suspension of cargo transportation. According to the Federal Customs Service of the Russian Federation, China supplies significant volumes of a number of food products to Russia, including vegetables and fish products.
Earlier this February, experts from the Center for Industry Expertise of Rosselkhozbank JSC did not deny the possibility that Russia could face a shortage of garlic due to the spread of the Chinese coronavirus. As indicated in a study posted on the RSHB website, at present, Russian retail chains are beginning to avoid stocking Chinese food because of the epidemic.
However, the head of the Bank's Center for Industry Expertise Center Andrey Dalnov emphasized, "the most pressing situation may arise with the supply of garlic, which is widely used by the population to prevent colds."
In late January, the Kommersant newspaper has also reported that Chinese smartphone makers Huawei, Xiaomi, Vivo, Realme, ZTE and Lenovo, as well as the American company Apple, whose production factories are located in China, began to postpone the delivery of gadgets to Russia due to an outbreak coronavirus. According to the sources of the publication, the delivery time of equipment was postponed for about two weeks, - Chinese factories extended the New Year holidays because of the coronavirus. Experts believe that a delay in deliveries for several weeks can cause a "certain deficit" and an increase in prices by 10-15%, but retailers have the opportunity to hold the prices by selling the stored goods from inventory.