168 Zham: No wine and brandy exported from Armenia

12:41 * 28.02.15

Armenia’s brandy and wine manufacturers are thought to have
practically stopped the exports since November 2014.

The export proceeds, which formerly went to salary, tax, credit and
supply payments, do not reportedly seem to be of any interests to
banks.

Speaking to the paper, President of the Armenian Union of Winemakers
Avag Harutyunyan said they expect at least loyal and liberal loan
classification policies by the Government in the coming months to
support the manufacturers.

“We understand that the situation on the Russian market is not likely
to change for quite long, but should it be delayed until July-August,
the grape procurement will be under a great threat, as we will not
have the necessary financial resources to purchase the harvest,” he is
quoted as telling 168 Zham.