The government will further raise minimum vodka prices starting next year as part of efforts to curb alcoholism and combat the counterfeiting of spirits.
The price of the cheapest half-liter bottle of vodka will be set at a new minimum of 170 rubles ($5.56), according to a regulatory decree published Wednesday. The current price is 125 rubles.
Retail prices for spirits such as brandy will also rise.
The regulations are aimed at putting makers of counterfeit alcohol out of business, but they will also affect listed companies, such as Synergy and CEDC. (Reuters)
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