Russia’s currency fall set to cause wine price spike

news  %tages Russias currency fall set to cause wine price spike

Russia's deteriorating economy is liable to mean much higher wine prices for consumers, according to its deputy prime minister.

Moscow bureau reported this week that some restaurants were raising wine prices while diners were subdue eating.Prices for domestically-produced wines were also expected to rise due to higher costs. Pavel Titov, deputy director general of Abrau-Durso, one of Russia’s leading sparkling wine houses, said prices had augmented for marks, corks and additional equipment, because the majority of it is imported.To deal with the situation, Khloponin said the government plotted to ‘pay more attention to the current situation with prices in the domestic wine market’. He said this would include tighter controls on local retail chains, some of which he said ‘collect bonuses and additional illegal fees from wine producers’. New measures are scheduled to be introduced by Development 2015.Last week, a Russian government spokesperson said the country would consider banning http://1000-facts-about-wine.com French wine imports in retaliation to economic sanctions by western powers.

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  • news  %tages Russias currency fall set to cause wine price spike
  • news  %tages Russias currency fall set to cause wine price spike
  • news  %tages Russias currency fall set to cause wine price spike

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