Russia's beer industry has fallen emphatically from its pre-2008rnposition as one of the great opportunities in emerging markets. Arnmyriad of macroeconomic and industry factors have caused greatrnharm to the country's beer outlook. These include the global financialrncrisis that kicked off in 2009, a steep rise in taxes levied on beer fromrn2010, much tougher regulations on advertising and off-licence salesrnof beer, and the major slowdown in the Russian economy over 2015.
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