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    Wine

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    The wine sector, collateral damage of the Russia-Ukraine conflict

    Good morning everyone! Today from Venerable Capital comercialización y distribuciónwe want to continue to comment on one of the current issues, the Russia-Ukraine conflict. This war is accompanied by devastating economic and social consequences, affecting a large number of sectors. Among them is the wine sector. Today we will talk about the influence of this sad conflict on wine trade and exports.

    Impact of the Russian war against Ukraine on the wine trade

    WINE EXPORTS TO RUSSIA AND UKRAINE IN 2021

    The Russian war against Ukraine also has consequences for Spanish wineries. According to the report issued by the Spanish Wine Market Observatory (OeMV), in 2021 Spain exported a total of 24.2 million euros to Russia between wines, grape musts and juices. On the other hand, we must take into account that in the same year a total of 16.2 million euros of these same products were exported to Ukraine.

    The sum of exports to both countries accounted for 1.42% of the volume, as well as 1.3% of Spanish turnover. If you want to know more about the situation of Spanish wine in the face of the Russian war, click here for the full OeMV report.

     

    WINES EXPORTED TO RUSSIA AND UKRAINE

    The products that Spain sells to Russia are mainly musts, still and sparkling wines. Musts are also another of the star products exported to Ukraine. Why this difference? Russia does not buy wine in bulk? Read on and find out.

    Wine exports

    TRADE TRENDS IN THE WINE SECTOR IN RUSSIA AND UKRAINE

    During 2020, a new law came into force in Russia, which restricts bulk purchases in order to favour local production. From that moment on, sales of the wine sector to Russia began to decline, reaching an amount that does not exceed 30 million euros in the last two years. This figure varies greatly with respect to 2019, where it exceeded 87 million euros. Therefore, after the entry of this new law, Russia’s trade trend with respect to Spanish wine was not very favourable.

    On the other hand, wine exports from Spain to Ukraine have experienced an upward trend since 2015, rising from 3.2 million litres to 13.7 million litres.

     

    So much for today’s blog! If you want to keep learning more about the Russia-Ukraine conflict and its consequences on international trade, stay tuned to Venerable Marketing and Distribution’s blog.

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    types of red wine

    Types of red wine and how to combine it

    Good afternoon! Today at Venerable Capital, specialists in alcohol and tobacco marketing and distribution, we have a blog that will surely attract your attention. We will tell you about the types of red wine that exist and how to combine them to get the most out of them.

    There is a wide variety of wines that we must know to choose the one that best matches our dishes. In this way we can make any meal a complete gastronomic enjoyment. You will always be right with your decision!READ MORE

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    wine liking

    Wine liking, Determine your personality?

    Today in Venerable Capital, experts in commercialization and distribution of alcohol and tobacco, we want to talk you about how wine liking may define your personality. Are you a wine lover? In that case you have to read this post to know everything.

    A study realised in United Kindom says that the consumption of a type of wine and social habits are so related. Do you want to know why?READ MORE

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    corps vin rouge

    Quality red wine: characteristics and properties

    Good morning! Today from Venerable Capital , specialists in distribution and commercialization of alcohol and tobacco, we are going to talk to you about the different characteristics that a quality red wine has to got. Do you know which they are?

    Many experts and sommeliers think that there are none bad or good red wines, it depends on the characteristics and personal opinions from each one. But if there is something in which we can agree is the fact that there are three characteristics or properties that can determine the quality of the red wine.READ MORE

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