Russia to cut vodka prices

Posted online December 31, 2014 | 6:47 am

Russia will make vodka cheaper next year after a campaign to fight alcoholism through higher prices drove some consumers to switch to bootleg spirits.

The minimum retail price will drop 16 percent to roughly $3.24 per half-liter bottle starting in February.

According to Bloomberg, official vodka production fell 17 percent January-November this year.

Read more from Bloomberg.

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