Ukraine is a large country in Eastern Europe (the second largest on the European continent, after Russia) bordering Poland to the west, Russia to the east and the Black Sea to the South.
By 2014, the Ukrainian wine industry had become a major player in Eastern Europe. But that year, Crimea came under the control of Russia. There are several small wine regions in the country, which contribute to the production.
However, Crimea was (is) by far the largest, with the best conditions.
Two famous wineries from the Tsarist era, Massandra and Noviy Svet, were seized in 2014, nationalized by Russia, and then heavily subsidized. Overall, wine producers gained easier access to the Russian market, but have since faced export bans to other countries due to sanctions against Russia.
Crimea has a Long history of wine production, and during the Soviet era it was a Center of mass wine production distributed throughout the USSR.
However, the total area of vineyards was cut in half as Part of Mikhail Gorbachev's campaign against Alcohol abuse.
Rampant inflation, the global fuel crisis, recession fears and fiscal tightening from central banks have caused equities and bonds to tank over the past few months. Fine wine has significantly outperformed global equities and most commodities, but market momentum has been ‘much more subdued’ in the second quarter of 2022, said Liv-ex, a global marketplace for the trade. The Liv-ex 1000 – which tracks the performance of 1,000 leading fine wines – increased by 3.6% year-on-year in ster ...
The Gérard Basset Foundation has partnered with Artémis Domaines to offer The Golden Vines Victims of Conflict Scholarships. Artémis Domaines is the owner of famed estates Château Latour (Bordeaux), Clos de Tart (Burgundy), Domaine d’Eugénie (Burgundy), Château Grillet (Rhône) and Eisele Vineyard (California). The scholarships will ‘support qualified wine industry professionals who are victims of war and geopolitical conflict’, said the group. Successful scholars will be offered six months of vi ...
Several fine wine auctions have been organised by the members of the trade in support of emergency relief efforts and humanitarian aid for people affected by war in Ukraine. One auction organised by private member club Crurated brought together more than 250 bottles from coveted producers. It included top names in Burgundy, Champagne and Italy, such as Louis Roederer (Cristal), Domaine Meo-Camuzet, Domaine Dujac and Bartolo Mascarello. Running from 14 to 20 March, a spokesperson told Decanter th ...
