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Recovery of Russian Market Is Doubtful - Telavi Wine Cellar

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Natia Taktakishvili
20.03.22 13:00
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Sales of "Telavi Wine Cellar" in Russia and Ukraine are suspended. 10% of the company's exports accounted for Russia, while 13% - Ukraine.
Zurab Ramazashvili, the founder of the winery told bm.ge that the Russia-Ukraine war is a global problem for wine exporters.

“Recovery of the Russian market under the embargo is doubtful. As for Ukraine, sales are completely stopped due to the hostilities. Replacing existing market is a difficult process and it cannot be done in one day or a week.

In general, the Russia-Ukraine war is a global problem for wine exporters, as wine will soon be on the list of non-essential products on these markets, and consequently, companies' sales will decrease," said Zurab Ramazashvili.

Telavi Wine Cellar exported 5 million bottles of wine in 2021. The company sells wine in 32 countries, including Poland, Ukraine, China, the Baltic states and Russia.

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