Armenian minister talks on cessation of ‘Ararat’ cognac supplies to Russia

The Yerevan Brandy Factory (YBC), owned by the French company Pernod Ricard, has stopped exporting its products to Russia, Minister of Economy Vahan Kerobyan said, Report informs referring to the Public Radio of Armenia.

“I don’t have official data, but it seems to be official: the YBC will stop exports to Russia. This may affect the purchase of the grape harvest, and we must monitor the situation and respond as necessary,” Kerobyan said at a meeting of the Armenian parliament’s commission on economic issues.

Pernod Ricard owns dozens of brands, including ‘Ararat’ cognac, Chivas Regal whiskey, Jameson, Ballantine’s, Olmeca tequila, Havana Club rum and Absolut vodka.

The French company is considered the second largest global producer of alcoholic beverages after the British Diageo.