The global financial meltdown caused a serious damage to some of the major players in wine imports in Russia. Several small and middle-size wine importers have already stopped their operations and the producers they deal with have to seek new importers. Quite a known company Magister Bibendi used to import New World and Spanish wines… Continue reading
Posts Tagged → crisis
Financial crisis hits high-end wine sales in Russia, Decanter says
As Decanter puts it: «High-end wine sales in Russia have plummeted due to the current economic crisis, traders say. Wine sales plunged 50% compared to the same time last year, said Yana Jelvanova, import manager for Keider, a wine importer in Russia since 1998. The shrinking value of the rouble combined with a troubled economy is being… Continue reading