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   Vodka may become unaffordable to many [in Russia] in several years

NEWS INFORMATION

Parent

Parent

News Date

11/21/2012 1:00 pm

Author

Media

Pravda

Category

News

Database Record

Entered 11/29/2012, Updated 11/29/2012

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From 1 January 2013, the price on a half-liter bottle of vodka may rise by 36 percent, resulting in a minimum price of 170 rubles per bottle ($5.6). The Federal Service for Alcohol Regulation said that the price on Russia's most popular alcohol drink will grow in the context of a sharp growth of excise taxes on strong alcohol. As usual, market experts predict the growth of production and consumption of counterfeit vodka. Today, the minimum price for a bottle of vodka in Russia makes up 125 rubles per 0.5 liter ($4.1). Stores sell vodka at 200-300 rubles ($8-10). The next three years will become the time when legal vodka will continue to get more and more expensive. In the beginning of 2013, Russia will see the largest growth of excise taxes on alcohol. Since January 1, 2013, the fees will rise by 33 percent - to 400 rubles per 1 liter of absolute alcohol. The Federal Service also proposes to raise prices on cognac and brandy. Today, the minimum price for a 0.5-liter bottle of cognac is 219 rubles ($7.3). The prices on other alcohol products stronger than 28 degrees will be determined in proportion to prices on vodka, depending on the content of ethyl alcohol in the drink.


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