In 2023 and the first half of 2024, Armenia exported $275 million worth of cognac to Russia

In 2023 and the first six months of 2024, Armenian producers sent cognac to Russia worth approximately 107.1 billion drams ($275 million). This follows from the figures provided to TASS by the State Revenue Committee of Armenia. In 2023, cognac exports from Armenia to Russia amounted to approximately 16.4 million liters of pure alcohol worth 74.6 billion drams ($191.7 million), and in the first half of 2024, 7.2 million liters of pure alcohol were sent worth 32.5 billion drams ($83.4 million). According to the department, Russia is Armenia's main trading partner in the field of cognac exports. About 80% of the cognac that is exported is sent to the Russian Federation. On August 20, in a joint study by the international association "Anti-counterfeit" and the Union of Cognac Producers of the Russian Federation, it was noted that almost 90% of Armenian cognacs sold in Russian stores were unsafe, with almost half of the products containing non-grape spirits. It is specified that 200 ...