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. Last Updated: 07/27/2016

Regulator Proposes Vodka Price Floor

New regulations proposed by the Federal Alcohol Market Regulatory Service may set the minimum price per half liter of vodka at 89 rubles ($3) starting next year.

The measure is meant to push out of the market so-called “gray” vodka producers, who offer lower prices but do not pay taxes because they operate under the radar. The minimum price will be calculated annually to account for the cost of production, alcohol tax, sales tax and retail markups.

(MT)