Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Ministry Sets Alcohol Prices

The Russian Economics Ministry has set minimum prices for strong alcoholic drinks in line with its plans to protect domestic producers and increase tax revenues, Interfax reported Tuesday.


The minimum price for vodka and liquors with alcohol content greater than 28 percent will be 15,720 ($3.20) rubles per liter for producers, 16,200 rubles in wholesale trade and 18,400 rubles in retail trade, said Deputy Economics Minister Sergei Ignatyev.


The prices will be introduced March 12, he said. The new rules also apply to all CIS products.


The minimum price for strong alcoholic drinks from outside the CIS will be 40,000 rubles in wholesale and retail trade, Ignatyev said.


There were no details on how the new prices will be enforced.


Russian producers complain they are put at a disadvantage by cheap imports and illicit goods sold by black-marketeers. Liters of vodka commonly are found for 5,000 to 7,000 rubles in kiosks.





Government officials have said they expect the measures to boost revenue for the federal budget.


Some industry and trade officials have predicted that it will be tough to enforce the new measures because of the sheer size of the black market and the profits being made there.