A possible tax increase on imported wines will not lead to a significant increase in the prices of such spirits in the Russian domestic market. However, a slight price change is quite possible in this scenario, opens The words of Vadim Drobiz “Lenta.ru”, head of the Federal and Regional Research Center for Alcohol Markets (CIFRRA).
The Ministry of Finance (Minfin) and the Ministry of Industry and Trade (Minpromtorg) are developing changes to taxes on imported wines. The final decision on this will be made in the coming months. However, according to Drobiz, a slight increase in the price of wine will not affect the financial situation of the vast majority of Russians.
“Even if the task is doubled, it will not lead to a significant increase in prices. But there will be some increase in cost. Imported wine is drunk only by the middle class. This is not afraid of rising prices, it is unpleasant of course, but the middle class will survive,” he concluded.
27 June Alexei Sazanov, Deputy Head of the Ministry of Finance (MinFin) declarationHe said Russian authorities are considering imposing tariffs on imported wine to stimulate local producers. The decision on this issue will be made within two months. Currently, taxes on imported wine in the Russian domestic market are 12.5%.