The minimum retail price for vodka in the Russian Federation has increased to 299 rubles since July 1 for 0.5 liters

Published 2024년 7월 1일

Tridge summary

Effective July 1, 2023, the Russian Federation has raised the minimum prices for alcoholic beverages, setting vodka at 299 rubles per 0.5 liter, brandy at 403 rubles, and cognac at 556 rubles per 0.5 liter. This adjustment, valid until December 31, 2026, accounts for inflation, higher excise taxes, increased production costs, external trade restrictions, and the rising dollar/ruble exchange rate. The new pricing aims to cover the costs of legally produced goods and combat illegal production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. July 1. INTERFAX.RU - From July 1 this year, the minimum price for vodka in the Russian Federation has been increased to 299 rubles per 0.5 liter, brandy - to 403 rubles, cognac - to 556 rubles per 0.5 liter. This is provided for by the order of the Ministry of Finance of the Russian Federation that has entered into force. The new minimum prices will be in effect until December 31, 2026. Before July 1, the minimum retail price for vodka was 281 rubles per 0.5 liter, brandy - 375 rubles, cognac - 517 rubles. As reported in the explanatory note to the draft order, price indexation is associated with the level of inflation, an increase in excise tax rates on alcoholic beverages with a strength above 9 degrees (from 613 to 643 rubles per 1 liter of anhydrous ethyl alcohol) and an increase in the cost of producing alcoholic products. When developing the draft order, external trade and financial restrictions and the rising cost of imported equipment, components and consumables ...
Source: Interfax

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.