Latest News - #Institute of problems of natural monopolies research (IPEM)

Study: payment for utility services in Russian cities will increase to 7%

The residents of the largest cities of Russia from July 1 will start paying housing and utilities up to 7% more, according to the Institute of natural monopolies research (IPEM).

Tariffs for housing and communal services in Russia are indexed annually on 1 July. The exception was the 2019 rates are indexed twice with 1 January and 1 July in connection with the VAT rise. The weighted average rate for utilities in 2020 is indexed by 4.11%, which was the minimum since the beginning of the application of modern model of indexation in 2015.