With inflation in Russia at 11.4% at the beginning of February and food prices rising, Dixy Group announced on Monday it would be capping the prices of key foods including buckwheat, rice, pasta and frozen fish for one month.

According to The Moscow Times, Ilya Yakubson, head of Dixy Group, said in the statement that “we are taking the inflationary risk on ourselves. This is the company’s answer to the expectations of our customers and confirmation of the fact that, in the current situation, it is retail chains that are a break on inflation.”

Earlier in the month Russian government officials said they were considering a blanket cap on “essential foodstuffs” if inflation continued to rise.

Russian food prices have increased dramatically since President Putin placed a ban on European food imports in retaliation for sanctions placed on Russia by Western governments due to the country’s military interference in the Ukraine.

The Dixy Group was founded in 1999 and has its headquarters in Moscow.