State regulation of prices for wine and champagne is introduced in Russia

UFA, 30 January 2015. /Bashinform News Agency, Galiya Nabieva/. Russia has introduced price controls in respect of wine and sparkling wine (champagne). The corresponding decree was signed by the Prime Minister Dmitry Medvedev. Previously, the state price regulation related only to ethyl alcohol from food raw materials, vodka, liqueur and vodka and other alcoholic beverages with strength of more than 28 percent.

The document introduces clarification in the List of alcoholic beverages, providing the ability to control the price of alcoholic beverages containing ethyl alcohol of more than 28 percent of the finished product, as well as wine and sparkling wine (champagne) produced in Russia or imported into its territory.

According to the State Committee RB for Trade and Consumer Protection, in the territory of the republic there are two plants for wine production. JSC "Bosco Rus" produces sparkling wine, champagne. Last year it produced 2.7 million bottles. JSC "Bashspirt" produces wine in Ishimbay. In 2014, the production of alcoholic beverages in the company amounted to 2582.61 thousand decaliters, including wine - 9.94.

As the State Committee on Trade and Consumer Protection explained, the introduction of state regulation will prevent the growth of prices for this type of product.