Russia to freeze gas, power, railway tariffs in 2014

MOSCOW, Sept 11 Wed Sep 11, 2013 3:57pm EDT

MOSCOW, Sept 11 (Reuters) - Russia will freeze tariffs on state-regulated services including gas, electricity and railways in 2014, Economy Minister Alexei Ulyukayev said on Wednesday after a budget meeting with President Vladimir Putin.

The decision to prevent regulated prices from rising for the first time since 1999 is a effort to ease pressure on household budgets and foster growth in an economy slowed by financial trouble in Europe and deep dependence on energy revenue.