Wine seeks to grow in Russia after falling 46% in 2020

2020 was a difficult year for wine exports to the Russian market after they added a wine tax and amended their legislation, blocking the use of bulk to mix with Russian wines. That generated a significant drop in Mendoza exports and, from the sector, they are looking to reverse the impact. The general numbers indicate that wine exports went from US $ 10,615,026 in 2019 to US $ 8,255,505 last year, a fall of almost 20%. In volume, it went from 7,713,366 liters in 2019 to about 4,185,507 liters last year, a 46% drop in volume. Apart from the contraction due to the pandemic, two restrictions explain this fall. First, at the end of 2019 the Russian Federation applied a tax for bulk wines and concentrated musts, an extra tariff of 31 rubles per liter of wine and / or must (as of April 18, about US $ 0.42 ). That in addition to paying the 15% import duty and all internal taxes. Second, in mid-2020 a new regulation was applied in Russia that does not prohibit importation, but determines ...