27 Dec 2012 18:25

Russia will not enact strict price-control on fuel market - Medvedev

MOSCOW. Dec 27 (Interfax) - Russia will not pursue strict state price-control on the fuel market, Prime Minister Dmitry Medvedev said at a meeting of the State Council.

"If we pursue the path of several states, which have strict price regulation for energy products, all of our capital will flow to offshore zones. We've already experienced this and this isn't an economic model we are enthusiastic about," he said.