Russia plans 200% retaliatory tariff on European wine imports
European wines will effectively be prohibited if Russia follows through on its threat...
Eugene Gerden is a freelance writer who writes on a wide range of international topics, from commerce to chemistry and from wine to aviation. He has contributed to many publications, including Decanter, International Aviation News, Chemistry World and The Journal of Commerce. For Decanter, he has covered several stories on wine markets and production in Russia, Georgia and Bulgaria.
European wines will effectively be prohibited if Russia follows through on its threat...
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Russia’s government plans to invest in vineyard nurseries in Crimea so that the area’s winemakers will be less reliant on seedling imports from countries such as Italy and France.
The Russian government is set to introduce a minimum price for wine in a bid to make grape growing more profitable and reduce the volume of counterfeits in the country's wine market.
Russia's deteriorating economy is likely to mean significantly higher wine prices for consumers, according to its deputy prime minister.
Georgia's government has agreed to fund a new winery that is set to be one of the country's largest, as part of plans to overhaul the sector and increase exports.
The Russian government plans to invest up to €250m in the expansion and growth of the Crimean wine industry to include a 60% increase in vineyard plantings.
Up to 11 new wineries will be established in Bulgaria by foreign investors over the new few years the country's official agency on winegrowing and winemaking has revealed.
The Russian Parliament (State Duma) is considering proposals to introduce a state monopoly on the production of wine in Russia.
Russia may restrict wine imports from the European Union in a sign that winemakers are becoming embroiled in heightened political tension between the two sides.
Sparkling wine producer Igristy Vina has joined a growing number of Russian drinks firms buying foreign wine labels, after closing a deal for Italy’s Contarini.
The Russian government is considering investing up to RUB30bn (US$1bn) to develop winemaking in the recently annexed Crimean Peninsula over the next several years.