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.
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.
