Russia banned the import of canned fish and raised the duty on wines from unfriendly countries

Published 2023년 7월 25일

Tridge summary

Russia has imposed import restrictions on fish and seafood products from "unfriendly countries" and increased import duties on wines from these territories until the end of 2023. This move may affect canned fish like Latvian sprats, which were previously exempt from the food embargo in 2014. Retail chains believe that the increase in import duties on wine will primarily impact the lower and medium price ranges, potentially leading to higher wine prices and a shift in consumer preferences towards other alcoholic beverages.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian government, in response to the actions of "unfriendly countries", limited the import of fish and seafood products and increased the import duty on wines from these territories until the end of 2023 This is reported by the Russian publication "Kommersant". It is noted that the new restrictions may affect canned fish, including Latvian sprats, which did not fall under the food embargo in 2014. According to retail chains, the increase in the import duty on wines will primarily affect the low and medium price segments. Russia added the USA, EU member states, Iceland, Canada, Australia, New Zealand, Norway, etc. to the list of "unfriendly" countries. As for fish and seafood products, a ban is introduced on the import under items TN ZED 1604 and TN ZED 1605, which include ready and canned fish, caviar and its substitutes, ready or canned crustaceans and molluscs. As for wine from "unfriendly" countries, duties are increased from 12.5% to 20%, but not less than 1.5 dollars ...
Source: Epravda

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