Russian tobacco prices to rise in 2025, says Forbes.

Dec.10.2024

Russian tobacco prices to rise from Jan. 1, 2025, with minimum prices for cigarettes set to increase by 4.6%.

According to Forbes on December 9th, at the "Siberian Retail Day" forum, Deputy Director of the Russian Ministry of Agriculture Irina Fedina stated that starting January 1, 2025, the minimum price of Russian tobacco will increase by 4.6%, with the price per pack reaching 135 rubles ($1.35), compared to 129 rubles ($1.29) in 2024. In addition, the prices of nicotine-containing heated tobacco products will increase by 4.5%, while e-cigarette liquid prices will increase by 5%.

Fedina emphasized that starting from January 2025, the minimum price of tobacco products will be adjusted annually based on the Consumer Price Index, with the minimum price set at 135 rubles (1.35 USD) for the year.

It is reported that the calculation of the minimum price is based on the lowest tax rate for tobacco products that will be effective starting January 1, 2025, as well as the value-added tax rate and a growth factor. Prior to this, Vladimir Putin signed a law on the indexation of tobacco consumption taxes, which specified the consumption tax for 2025 at 2945 rubles per thousand sticks (29.45 US dollars), plus a 16% calculation cost, but not less than 4000 rubles per thousand sticks (40 US dollars). Similar tax rates will be further adjusted in 2026 and 2027.

References:

[1] Минимальную цену на сигареты с 1 января повысят до 135 рублей

Also Read:

[1] Belarus President Reaffirms State Monopoly on Alcohol and Tobacco Industries

[2] Russian State Duma to Discuss Fines for Selling Cigarettes and Vapes to Minors on December 17

[3] Russia Plans $20,000 Fines for Selling Tobacco to Minors

[4] Russia to Establish Tobacco Retail Registry to Curb Illegal Trade

[5] Russia Seizes 4,500 Illegal Vapes, Suspect Could Face Jail Time

[6] Russia Proposes Law to Criminalize Vape Sales to Minors

[7] Russian Federal Tax Service Issues New Order on Tobacco Product Tax Declaration Format

#Europe #Traditional tobacco #Legislation #Russia

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