Russia to face rise in tobacco prices

The introduction of new excise duties on cigarettes will result in a rise in prices on tobacco products, a representative of British American Tobacco Russia reported. Prices will rise about 6-9 percent. However, this increase is expected to have no significant impact on either consumers or tobacco producers. The new bill, which sets excises at 50 rubles (about $1.59) per 1,000 cigarettes plus 5 percent of the retail price, was passed by the State Duma last Monday, and it will most likely be approved by the Federation Council.

Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!

Author`s name Editorial Team