The share of Russian wines in trade and catering may be required to increase to 70%

Published Dec 28, 2024

Tridge summary

Former Russian agricultural minister Alexander Tkachev has proposed a plan to increase the market share of Russian wines to 70% within seven years, up from the current 16%, by providing support to the domestic wine industry and imposing higher import duties on foreign wines. The proposal, which includes a progressive increase in the share of Russian wines each year and granting the Ministry of Agriculture control over product quality and the ability to suspend deliveries from certain countries, is aimed at reducing Russia's reliance on imported wines and stimulating domestic production. The proposal has received positive feedback from President Putin and involves a bill that sets a minimum of 20% share for Russian wines in trade, which Tkachev believes is too low. The study also found that when choosing wine, Russians consider the country of origin and grape variety, with discounts and promotions being a deciding factor for some.

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

Original content

Former Minister of Agriculture, head of the N. I. Tkachev Agrocomplex Alexander Tkachev proposed increasing the share of Russian wines in trade and public catering to 70% within seven years. He sent a corresponding letter to President Vladimir Putin, Interfax writes, citing a source in the market. A source in one of the relevant departments told the agency that the letter contains a positive resolution from the head of state. The request to support Tkachev's proposal was addressed to Deputy Prime Minister Dmitry Patrushev, heads of the Ministry of Agriculture and the Ministry of Industry and Trade Oksana Lut and Anton Alikhanov. The Ministry of Industry and Trade has prepared a bill according to which the share of Russian wines in trade should be at least 20%. In November, a GOST was issued for wine lists of restaurants and cafes, which recommends increasing the share of Russian wines from the total number of wine names to 20%. According to the agency's source, Tkachev considers ...

Source: AgroInvestor