Ukraine is preparing to impose sanctions against Georgian and Armenian winemakers

Published 2024년 7월 1일

Tridge summary

The Ukrainian interdepartmental working group is contemplating imposing sanctions on Georgian and Armenian winemakers, including famous brands, who also sell in Russia. This demand was made by the Ukrvinprom corporation, representing Ukrainian wine producers, and includes 17 enterprises. If approved, these entities would be banned from trading operations, have their licenses revoked, and assets frozen for a decade. The potential sanctions aim to prevent these products from being sold in Ukraine. The proposal is currently under review by the interdepartmental working group, with Ukrvinprom anticipating a 15% market opportunity for Ukrainian producers if the sanctions are implemented.

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Original content

The Ukrainian interdepartmental working group on the implementation of state sanctions policy is considering the issue of introducing sanctions against Georgian and Armenian winemakers whose products are sold in the Russian Federation. The Ukrainian publication “Economic Truth” writes about this. According to his information, the Ukrvinprom corporation, which unites Ukrainian wine producers, at the end of May sent to the Security Service of Ukraine (SBU) a demand to impose sanctions against a number of Georgian and Armenian winemakers, whose products are presented in both Ukrainian and Russian retail chains. The letter lists 17 enterprises, including producers of famous brands of Ararat and Sarajishvili brandy and Georgian wines "Askaneli Brothers". It is proposed to ban them from conducting trading operations for 10 years, cancel their licenses and freeze their assets. “The measures provided will be sufficient to prevent Ukrainian retail chains from importing products from ...

Source: Kvedomosti