Rates Set

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Rates Set

The excise rates for 2011-2013 have been published

As is a multi-year tradition, the excise rates proposed by the Finance Ministry have been approved by the Federal Assembly and published in today's issue of Rossiyskaya Gazeta newspaper. The indexation for filter cigarettes is about 25-30% of the current rates. Thus, the excise will account for approximately 7.2 roubles instead of 5.6 roubles in the price of a pack of Bond Street cigarettes (their maximum retail price is 23...

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