France sees talks with Russia as best way to resolve champagne dispute – Minister – .

0
20
France sees talks with Russia as best way to resolve champagne dispute – Minister – .


EPERNAY, France, July 9 (Reuters) – France sees continued negotiations with Russia as the best way to resolve a champagne dispute, French Trade Minister Franck Riester said on Friday.

Russia has adopted legislation which will require French producers to affix a label to the back of their bottles sold in Russia with the words “sparkling wine”.

On the other hand, domestic producers of what is known in Russia as “shampanskoye” will not have to affix such a label.

“We are still analyzing the exact scope of this text, which is long, in Russian, with legal and linguistic subtleties,” said Riester.

An employee arranges bottles of Russian sparkling wine at a supermarket in Moscow, Russia, July 5, 2021. REUTERS / Tatyana Makeyeva / File Photo

“This is probably not just a problem for champagne but for other appellations such as cognac. “

Shares of leading Russian producer Abrau-Durso (ABRD.MM) surged after the law came into effect.

The name “Champagne” has protected status in more than 120 countries, which reserve its use for sparkling wines from the Champagne region in France.

The French government has warned that it could seek redress from the World Trade Organization. Read more

Reporting by Antony Paone Writing by Mathieu Rosemain Editing by Gareth Jones, Kirsten Donovan

Our Standards: The Thomson Reuters Trust Principles.

LEAVE A REPLY

Please enter your comment!
Please enter your name here