The Sukhumi plant of Wines and Waters of Abkhazia LLC suspended its work due to the introduction of a special tax by the government of the republic. The decision is temporary, the company’s management is negotiating with the authorities to eliminate the tax. This is what the company’s chief winemaker, Valery Avidzba, told Interfax.
The Cabinet of Ministers decided to introduce a 30% excise tax on wine materials imported into the republic. Distributors warned that they would not be able to sell the products if the plant raised the prices of the products.
Wines and Waters of Abkhazia LLC produces about 28 million bottles of wine annually. The company is the largest Abkhazian exporter on the Russian market, where it supplies 17 types of wines and cognacs.
Previously, the Union of Alcohol Producers (Rosspirtprom, ASG, Novabev Group, Ladoga, etc.) proposed increasing the minimum price for vodka by 7% in 2024. The excise duty on vodka is planned to increase next year by 5 % up to 128.6 rubles per 0.5 liter bottle, indicate the authors of the appeal. Manufacturers’ logistics costs have increased and packaging, ingredients and closures have become more expensive due to the devaluation of the ruble.
Author:
Karina Pardaeva
Source: RB
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