14.04, 21:19 The airport ritual of buying a bottle or two of something strong before takeoff may soon become history.
20.10, 21:14 Aviation chiefs have today held a meeting to work out how to make flying in Russia safer.
20.07, 18:11 The days are numbered for the popular tradition of enjoying a beer on the streets, as Russia is banning the sale of beer at kiosks starting 2013.
Published: 09 December, 2011, 13:29
RIA Novosti / Aleksey NikolskyiTAGS: Retail, Russian economy Travelers flying from Russian airports may have to go 'cold turkey' as new regulations will force duty free shops to stop selling alcohol.
The new rules being introduced by the Russian Alcohol Market regulator require all shops selling alcohol to have separate stock rooms. Duty Free operators say their shop locations in air and sea ports makes this impossible.
They have appealed to the Federal Antimonopoly Service (FAS) concerned the legislation could force them out business the Kommersant Daily reports.
Operators say they could loose more than a billion dollars profit as alchohol sales make up 40% of all duty free sales. They are warning a third of duty free shops could be put out of business if their alcohol licences are revoked.
Pleas from the Duty Free Operators Association have fallen on deaf ears at the Alchohol Market Regulator, which says it would be illegal to introduce new regulations on a selective basis.
Today: 12:31 The so called “Merkozy” diet plan for Eurozone states does not seem to be appreciated by the entire union which is why the only positive step made so far at the EU summit is to increase supporting funds and apply strict fiscal restrictions to the 17.
Today: 14:03 While the EU struggles with the debt crisis which has almost spiralled out of control Russia is trying to distance itself by expanding export opportunities. Herbert Moos CFO of VTB says Russia will do well to learn from the EU experience.
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