The minimum price of vodka in Russia is set to rise again next month

The minimum price of vodka in Russia is set to rise again next month

The Russian Government has confirmed details of further plans to raise the minimum price of vodka next year, according to reports. 

From 1 January, a half-litre bottle of vodka will be sold for a minimum of RUB199 (US$6), up 17% from the current floor price of RUB170, Reuters reported late last week, citing a Government decree. The minimum price will then increase to RUB220 from August, the report said. 

The Russian Government first unveiled plans to introduce a defacto minimum price on vodka in 2010, bolstered by higher duty rates for alcohol. The move is aimed at tackling alcoholism in the country. 

Earlier this year, it emerged that vodka production in Russia had fallen in the first half of 2013 by around 30%. 

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