Russia plans to double import tariffs on Scotch whisky and other spirits from "unfriendly" countries, raising the tax to 20% of the value. This retaliatory move comes in response to Western sanctions imposed on Russia.
The tariff hike is expected to take effect as early as next month and will significantly impact Scotch whisky exports to Russia, which has been a growing market for the industry in recent years[1][2][3][4][5].
Citations:
[1] https://www.thedrinksbusiness.com/2024/07/russia-to-raise-import-taxes-on-scotch-whisky/
[2] https://www.whiskynet.co.uk/2024/07/03/russia-to-raise-import-taxes-on-scotch-whisky-the-drinks-business/
[3] https://bottleraiders.com/whiskey/scotch/scotch-whisky-russia-tariffs-doubled/
[4] https://whiskybrokersassociates.co.uk/russias-retaliatory-tariff-hike-on-scotch-and-what-it-means/
[5] https://www.linkedin.com/posts/scottish-financial-news_whisky-faces-double-import-tariffs-in-russia-activity-7214625687343624192-4dW4