The Limited Times

Now you can see non-English news...

Moscow considers duties on wine to be 200%, Italy at risk - Wine

2024-03-22T23:24:55.615Z

Highlights: Moscow considers duties on wine to be 200%, Italy at risk - Wine.com. The Association of Russian Viticulturists and Wine Producers (AVVR) has asked the Moscow authorities to increase the duty on imports of wine from NATO countries. If adopted, it would practically risk eliminating Italy's sales to Russia, currently among the top ten exporters together with Georgia, France, Spain, Portugal and the Baltics. In the first ten months of 2023, the value of Italian exports in the sector was 124.5 million euros.


The Association of Russian Viticulturists and Wine Producers (AVVR) has asked the Moscow authorities to increase the duty on imports of wine from NATO countries tenfold, bringing it to 200%. (HANDLE)


The Association of Russian Viticulturists and Wine Producers (AVVR) has asked the Moscow authorities to increase the duty on importing wine from NATO countries tenfold, bringing it to 200%.

A measure which, if adopted, would practically risk eliminating Italy's sales to Russia, currently among the top ten exporters together with Georgia, France, Spain, Portugal and the Baltics.

In the first ten months of 2023, the value of Italian exports in the sector was 124.5 million euros, with an increase of 3.9% on the same period of 2022. The duty on imports from "non-friendly" countries, including Italy, has already been raised last summer from 12.5% ​​to 20%, and was followed by a decline in Italian exports, which suffered a contraction of 7.9% over the whole of 2023.

The request for the new, dramatic increase was made to the government and to the Duma, the lower house of Parliament, according to what Alexei Plotnikov, executive secretary of the trade organization, told the Ria Novosti agency.

The move was motivated by the need to strengthen measures to protect Russian producers.


Reproduction reserved © Copyright ANSA

Source: ansa

All life articles on 2024-03-22

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.