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Friday, January 1, 2010

Russia fixes minimum vodka price


Russia introduced on Friday a minimum price of vodka in an effort to fight counterfeit alcohol production in the country.

From January 1, any 0.5l vodka bottle selling at below 89 rubles (almost $3) will be outlawed. The price ban is one of the first government steps toward regulating the domestic alcohol market.

First Deputy Prime Minister Viktor Zubkov said earlier other measures in the sphere would be accomplished by July 1, 2010. Theses include the licensing of alcohol supplies, the introduction of a unified excise duty on alcohol, and tougher responsibility for the production and marketing of fake vodka.
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