India begins gin exports to Russia
Liquor companies from the South Asian nation are eyeing fresh opportunities after the departure of Western brands
© Sputnik / Maria Devakhina
Indian companies have broadened alcohol exports to Russia, supplying 130,000 decalitres of gin in May-June for the first time, RIA Novosti reported on Friday, citing data from the Indian Ministry of Trade and Industry. Indian brands are aiming to increase their share of the Russian market after the departure of Western companies.
Aleksandr Stavtsev, head of WineRetail, told the outlet that Indian gin is represented in Russia by major producer Radico Khaitan, as well as several smaller producers. According to Stavtsev, the price for Indian gin averages 3,000 to 4,000 rubles ($32-$42) per 0.7 liter. Two-thirds of the Russi...