Sign up for our free weekly newsletter
Informed comment and
independent news delivered
by email every week.
Sign up here.
Find out more about Poweralts Forums
Management and investors
are brought together at our
investor forums.
Find out more.
Bulletin Board
Join other informed investors.
Debate energy companies.
Visit Bulletin Boards.
Bishopsgate Communications
People of the Day
Master Investor
Commodity Watch Radio
ICGG Outlook China 2010
2nd Solar Summit Middle East & North Africa
RENEXPO® Portugal – International Trade Fair and Conference on Renewable Energies and Energy Efficiency
Concentrated Solar Thermal Power Summit EU 2010
Ambrian Capital
allipo.com
Adopt an Acre - Become a Rainforest Guardian

News


January 28, 2010

Putting A Cork In It – The Russian Wine Ripoff, Or What A Kremlin Sobriety Will Cost


By John Helmer in Moscow


Russia’s anti-trust buster, the Federal Antimonopoly Service (FAS), has established a record of making much ado about little; and of regulating only those corners of the Russian market where no oligarch-sized interest is threatened – unless the threat is pre-authorized by the Kremlin’s running orders. But this week the agency announced there is one Russian trust it feels on safe ground challenging -- Russia’s wine importers.

If they are about to be busted, this could be a regime-change for the way Russians have been obliged to get drunk since the combination of Gorbachev temperance, and Yeltsin rouble-crash caused vodka bingeing to replace most forms of civilized tippling.

According to the official press release of January 22, the FAS “has started researching the structure of the market of imported bottled grape wine and the conditions for product movement from the importers to the end consumer. An...

Restricted Area

Please login or register (FREE, quick and easy) to read the full article.