Decline in Russian Tobacco Production: Growth in Food Industry
According to a report from the Russian parliamentary newspaper on October 25th, data from the Russian Statistics Bureau reveals that the tobacco production index in Russia dropped by 18% in September 2023 compared to the same period last year.
According to the data, the food production index grew by 6.7%, while the beverage production index decreased by 1.8%, indicating that the food industry had more active production activities compared to the beverage industry. In other industries, the production index of finished metal products and the manufacturing of computer, electronic, and optical products both experienced significant increases, rising by 47.5% and 33.5% respectively.
It is worth mentioning that Russian President Vladimir Putin has shown particular interest in the use of tobacco and alcohol taxation. He has called for a majority of the revenue from the consumption tax on wine, vodka, brandy, and tobacco to be utilized for addressing societal issues, such as supporting sports initiatives. He specifically mentioned that the Ministry of Finance should carefully consider this proposal.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
