Titov has asked Putin to postpone the transition to the new law “On trade”

Commissioner for entrepreneurs ‘ rights Boris Titov appealed to President Vladimir Putin with the request to give additional time for suppliers and retailers so that they could prepare the necessary documents, according to “Kommersant”, citing a draft statement of the business Ombudsman.

Titov claims that the transition period for bringing existing contracts in line with the amended law must be extended. The business Ombudsman considers that the transitional period should be extended at least until July 1, 2017. According to the same accepted the amendments it should last until the 1st of January.

According to Titov, the change of the existing relations between suppliers and retailers in the terms defined by the lower house of Parliament, may result in the violation of the delivery schedule, terms of payment on contracts and other business risks.

Informed about risks with the supplies said the President of the Association of retail companies (akort) Ilya Lomakin-Rumyantsev. He advised everyone to stock up on food” during the discussion of amendments to shorten the duration of the entry into force of the new law. The head of the HSE believes that it would lead to “disruption of supply”, because none of the retailers will not have time to prepare.

The draft law “On amendments to certain legislative acts of the Russian Federation on Antimonopoly regulation and provision of food security” group of deputies and senators, headed by Irina Spring submitted to the state Duma in January 2015. The project involved rewriting a number of articles of the law On trade and the Code of administrative offences: limit additional payments to networks of providers, to reduce delay in payment of the delivered goods, to increase the penalties for violation of the law.

The amendments were adopted by the Parliament on 24 June. Deputies also accelerated the entry into force of amendments to ten days after publication, although it was previously assumed that the new rules will enter into force on 1 January 2017. Now retailers will have to work under the new rules since the amendments came into force and January 1, to modify existing contracts with suppliers.