Farewell to cheap wine in Russia

In Russia, cheap wines are expected to run out of shelves after the wine import tax from "unfriendly countries" was increased by 1.5 times. Maksim Kashirin, owner of Simple Group, one of the country's largest alcoholic beverage importers, predicted in his interview with the Russian media that by 2025, wine cheaper than 700 rubles will not be available in Russian markets. In Russia, the government increased the customs duty for wine imported from countries that imposed anti-Russian sanctions from 12.5 percent to 20 percent as of August 1, 2023. On ...