Champagne exports from Turkey to Russia increased by 182 percent

Published 2023년 3월 23일

Tridge summary

Bloomberg reports a significant 182% increase in champagne shipments from France to Russia via Turkey in the past year, with Turkey's overall champagne imports also rising by 120%. However, despite this trend, Comite Champagne has not received any certificate requests for champagne shipments to Russia from manufacturers since the start of the Ukraine operation. The EU has prohibited the export of champagne to Russia if the bottle price exceeds 300 euros, yet Russia's champagne imports have dropped from the 13th to the 38th largest globally within a year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Bloomberg wrote that champagne shipments to Russia via Turkey increased by 182 percent in one year. The agency noted that Turkey's champagne imports from France increased by 120 percent in the same period. Trade Data Monitor pointed out that most of the champagne that Turkey buys from abroad may have been exported to Russia through transit trade. It was stated that the sale of champagne to Russia is not entirely within the scope of sanctions, but Comite Champagne has not received certificate requests for Russian shipments from manufacturers after the Ukraine operation. The EU has banned the shipment of champagne to Russia that costs more than 300 euros a bottle. In the ...

Source: Turkrus