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…


Wine press in Russia seizing

Russian wine magazines continue to disappear. At the end of 2008 several wine magazines were struggling to survive in a crisis meltdown and lack of advertising. If we look into the past we can categorize the wine magazines in Russia as virtually “independent” and the ones belonging to big wine importers. Obviously the latter always…

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