The minimum price for brandy that has been introduced in Russia will not affect the Yerevan Brandy Company (YBC), said the executive director of the YBC, Ara Grigoryan, at a press conference on Tuesday, News-Armenia reports.
On the 1st of January 2011 a minimum price for brandy will be introduced in Russia. The wholesale price will be no less than 165-175 rubles, and the final price of the retail link - a minimum of 190-210 rubles. "The purpose of the new minimum price is to regulate the Russian brandy market," the Executive Director of YBC claimed. According to him, the lowest price for a bottle of brandy produced by the YBC in Russia is 650 rubles, meaning the YBC will not be affected by the new regulations.
