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. Last Updated: 07/27/2016

Bill Limits Food Retailer’s Expansion

X5 Retail Group, singled out by Prime Minister Vladimir Putin last month for charging too much for sausage, is the target of new limits on retail growth, the head of the country’s anti-monopoly body said Wednesday.

A new bill said food retailers with annual sales of more than 1 billion rubles ($31.2 million) or a market share of more than 25 percent in Moscow, St. Petersburg or any given city district, cannot buy or lease additional trade space.

Federal Anti-Monopoly Service head Igor Artemyev told a news conference that X5 already had a big share in St. Petersburg.

“In no other city or district is there a retailer with more than 12 percent. This clause is only about St. Petersburg and only about X5,” Artemyev told a news conference.

“They ought to scratch their heads and give some thought to opening stores outside the [city] ring road,” he said.