Russia: Vodka Excise Tax and Minimum Set Price Rates for 2015

  |   Attaché Report (GAIN)

Excise tax rates for alcoholic beverages in Russia have increased steadily and significantly from 2011-2014. As a result, the cost of the cheapest bottle of vodka grew from 89 rubles in 2010 to 220 rubles in 2014. It also raised the prevalence of illegal vodka in the Russian market that, according to industry experts, accounted for 60 percent in 2014. In 2014, domestic vodka production declined by 22.3 percent
reaching only 66. 6 million decaliters – the lowest level in modern Russian history. As a result, the Russian government has agreed to freeze excise taxes and reduce the minimum set price of vodka at retail in 2015.

Russia: Vodka Excise Tax and Minimum Set Price Rates for 2015

Related Reports

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.