Russian producers of ethyl alcohol and alcoholic beverages with a revoked or expired license may be allowed to sell the remaining products to pay off debts in the event of bankruptcy or recognition of the licensee as insolvent. Such amendments were prepared by the Ministry of Finance of Russia, the press service of the department reported.
“By granting the right to such organizations to sell the remaining balances of ethyl alcohol, alcoholic and alcohol-containing products, funds can be raised, which, in turn, can be used to pay off debt,” said Alexander Korobutov, deputy director of the department for customs policy and regulation of the alcohol market of the Ministry of Finance.
The ministry also proposes that such manufacturers be allowed to sell the rest of their goods within two months of the cancellation or termination of the license to other organizations holding a similar license. Now the ethyl alcohol remaining after two months from the cancellation of the license receives the status of being in illegal circulation and is subject to destruction, the Ministry of Finance specified.
Amendments are being made to the Federal Law “On state regulation of the production and circulation of ethyl alcohol, alcoholic and alcohol-containing products and on limiting the consumption (drinking) of alcoholic products”.
As previously reported, the production of vodka in Russia in January-February decreased by 8.2% yoy and amounted to 9.8 million decaliters, while cognac production increased to 1.2 million decaliters (+6.3%). The total volume of alcoholic products produced in the country, excluding beer, poiret and mead, amounted to 23.8 million decalitres, which is 3.3% more than the results of the same period last year. The production of g wine increased by 10.2%, amounting to 3.4 million decaliters, the production of champagne for the same period amounted to 1.7 million decaliters (+25.8%), and liqueur wines – 0.17 million decaliters (+31, 3%).
The total volume of alcoholic products produced in the country, excluding beer, poiret and mead, amounted to 23.8 million decalitres, which is 3.3% more than the results of the same period last year.