In 2023, due to increased demand and a hike in sales tax, the prices of electronic cigarettes in Russia may rise by 25-30%, while the prices of e-cigarette liquids may increase by over 70%.
News.ru reported on Olga Lebedinskaya, the Associate Professor of the Department of Statistics at the Plekhanov Russian University of Economics, and Lev Grigoriev, the Chairman of the "Russian Association of Market Participants in Electronic Nicotine Systems".
Lebedinskaya pointed out that electronic cigarettes are becoming increasingly popular. As a result, if the Russian market is estimated to be 40.5 million units in 2020, it may exceed 93 million by 2021.
According to experts, an increase in demand can cause electronic cigarette prices to rise by 20%, and considering increases in consumption tax, costs may increase by 25-30%. It is expected that e-liquid prices will also rise next year. "If the consumption tax almost doubles, like what the Ministry of Finance is proposing now, then according to our calculations, the price of this bottle will increase by 74%, reaching 2700 rubles (about 301 yuan)," said Grigoriev.
Earlier, Alexei Sazanov, the Deputy Minister of Finance, announced the agency's proposal to increase the consumption tax rate of tobacco and nicotine-containing liquids by 25-30%.
He also emphasized that the cabinet is considering this measure.
2FIRSTS will continue to follow and report on this topic. Further updates will be available on our mobile app, '2FIRSTSAPP.' Scan the QR code below to download the app.
Disclaimer
This article is provided solely for professional research, industry discussion, and informational purposes. Any references to brands, companies, products, technologies, or policies are made for factual reporting and analytical purposes only, and do not constitute endorsement, recommendation, promotion, or advertising by 2Firsts.
Nicotine-containing products, including but not limited to cigarettes, e-cigarettes, heated tobacco products, and nicotine pouches, carry significant health risks. Readers are responsible for complying with all applicable laws and regulations in their respective jurisdictions, including age restrictions and access limitations.
The information contained in this article should not be regarded as investment, legal, medical, regulatory, or commercial advice. While 2Firsts strives to ensure the accuracy and reliability of its content, it does not assume liability for any direct or indirect loss arising from errors, omissions, inaccuracies, or reliance on the information contained herein.
This article is not intended for individuals below the legal age for accessing tobacco or nicotine-related information in their jurisdiction.
Copyright Notice
This article is either original content produced by 2Firsts or content reproduced, translated, summarized, or adapted from third-party sources with attribution where applicable. The intellectual property rights of the original content remain with 2Firsts or the respective original rights holders.
No individual or organization may copy, reproduce, distribute, republish, modify, translate, or otherwise use this content without prior authorization. Any unauthorized use may result in legal action.
For copyright-related inquiries, corrections, or removal requests, please contact: info@2firsts.com.
AI-Assisted Translation and Editing Notice
Portions of this article may have been translated, edited, or reviewed with the assistance of artificial intelligence tools to improve efficiency and readability. Due to the limitations of AI-assisted translation and editing, discrepancies, omissions, or inaccuracies may exist when compared with the original source.
Where applicable, readers are advised to refer to the original source for the most complete and accurate information. If you identify any errors or believe that any content infringes upon your rights, please contact us at info@2firsts.com, and we will review and address the matter promptly.
