The cessation of imports of wines from Europe may negatively affect buyers in the Russian Federation

A sharp decline in imports of wines from European countries to Russia could worsen the situation for buyers; it takes time to saturate the market with affordable and high-quality products, Igor Karavaev, chairman of the presidium of the Association of Retail Trade Companies (AKORT, unites the largest Russian retailers), said in an interview with TASS. “A sharp blocking of European wines’ access to shelves could worsen the situation for Russian buyers. Protective duties are justified if the market is saturated with a high-quality alternative, and this takes time,” Karavaev said. He pointed out that retail chains are currently actively expanding supplies of wine from countries such as Chile, Argentina, South Africa, Armenia, Azerbaijan, Georgia, and Serbia. “We expect that demand will continue to systematically shift towards Russian wine and products from friendly countries,” the agency’s interlocutor added. AKORT supports stimulating the consumption of Russian wine - Karavaev noted ...