European Country Bans Price Hikes in Desperate Bid to Tame Inflation

European Country Bans Price Hikes in Desperate Bid to Tame Inflation
Belarusian President Alexander Lukashenko speaks during a news conference following talks with his Russian counterpart Vladimir Putin at the Kremlin in Moscow, Russia, on Sept. 9, 2021. Shamil Zhumatov/Reuters
Tom Ozimek
Updated:
0:00

The Eastern European country of Belarus is taking drastic steps to tame runaway inflation by prohibiting consumer-facing businesses from raising prices.

The price controls were announced on Oct. 6 by Belarusian President Alexander Lukashenko, who was cited by state media as saying he was imposing the ban on consumer price increases in response to “exorbitant” inflation.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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