Russian vodka production hits record low as black market booms

Synergy CEO Alexander Mechetin

Russian vodka production declined by over 22% last year – its fastest rate since modern records began. It is believed that the high excise duties imposed on legal alcohol producers has pushed many consumers into the black market.  Alexander Mechetin, CEO of one of Russia’s leading spirit  producers  the Synergy Group, is predicting that the decline will continue this year and that production will be down again  by at least 15%. Interfax