The Ministry of Economy proposed to allow the export of cognac blends from Ukraine

Published Oct 1, 2020

Tridge summary

A new draft order in Ukraine is proposing to allow cognac producers to decide the distillation period without restrictions, either until April 1 or July 1 following the grape harvest of the year, as long as their storage meets the required quality. The move is expected to increase cognac production in the country, which in turn could generate financial revenues for the state and local budgets, and attract investment in domestic vineyards. The draft order is currently under review.

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Original content

The draft order also proposes to allow producers to determine the period of distillation of cognac wine materials without restriction until April 1 or July 1, following the grape harvest of the year, provided the proper quality of their storage. The explanatory note to the document states that the reduction of state regulation of the process of production of cognac wine materials will allow the business entity to determine the term of their distillation without its restriction, provided that their storage is of proper quality. "Ukraine's cognac production will also increase due to their export, financial revenues to the state and local budgets, and, as a result, it will be a significant incentive to attract investment in the bookmarks of domestic vineyards," the document said. ...

Source: AllRetail.ua