For most aficionados, a sparkling wine can be called champagne only if it comes from the region of France with that name and is made under certain regulations. A new Russian law makes the counter-claim that the word can be used only for Russian wine.
The law has sparked controversy and the renowned winemaker Moet-Hennessy said Monday it was suspending champagne shipments to Russia. The law that was adopted on Friday allows the term to used only for “Russian champagne.”
Since Soviet times, champagne — “shampanskoye” in Russian — has been used as a generic term for a wide range of sparling wines, some of which contradict champagne’s luxury image by selling for as little as 150 rubles ($2) a bottle.
“These provisions lead to a temporary suspension of deliveries of products to assess the impact of this new law,” Moet-Hennessy spokeswoman Anne Catherine Grimal said, according to state news agency RIA-Novosti.
Even the head of one of Russia’s major winemakers thinks the law goes too far.
”For me, there is no doubt that real champagne comes from the Champagne region in France,” Pavel Titov, president of Abrau-Dyurso, told RIA-Novosti. “It is very important to protect Russian wines in our market and provide them with comprehensive patronage. But the legislative measures taken must be reasonable and not contradict common sense.”
BMO Wealth Management's Carol Schleif breaks down inflation, Fed policy, earnings, AI investment, and where investors may find opportunities in today's market.
Fast Company's Christopher Zara breaks down the OpenAI-Apple legal battle, the AI chip race, and what's next for the future of artificial intelligence.
Glacier CEO Rebecca Hu-Thrams explains how AI-powered robots are making recycling smarter, reducing landfill waste, and transforming the future of waste.
Deep Fission CEO Liz Muller discusses underground nuclear reactors, powering AI, cutting energy costs, and why the future of clean power may be below ground.
Adidas shares how FIFA World Cup 2026 will drive innovation, fan engagement, and billions in opportunity with new gear, technology, and business strategy.
Kristian Kerr, Head of Macro Strategy at LPL Financial, breaks down the firm's 2026 Mid-Year Outlook, recession risks, AI, the Fed, and what's next for markets.