YEREVAN BRANDY COMPANY RESUMED DELIVERIES OF BRANDY TO RUSSIA

Yerevan, May 29. ArmInfo. Started today, the Yerevan Brandy Company
(YBC) has resumed deliveries of brandy to Russia, which were stopped
since the beginning, 2006, because-of introduction of new excise marks
by Russia, ArmInfo was told in the YBC.

According to the source data, the first batches of brandy are already
dispatched to Russia. As the YBC Director General Herve Caroff told
ArmInfo, the Company did not suffer much financially from the
temporary delay of deliveries.

"We knew about the change of excise marks in Russia beforehand and
could prepare for it with our Russian partner. I don't think there was
a deficit of Ararat brandy in Russia", Caroff said. According to him,
the YBC increased sales volume in 2005 by 10% to 4,4 mln l of brandy
against 4 mln l in 2004. About 75% of sales falls on Russian
market. To be noted, the YBC is the biggest supplier of the alcohol
production to Russia.