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Russian Market > Government Regulation
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Flexible Ministries

The likely prospect is that excise rates will be doubled as soon as 2012

An ordinary, formally insignificant document unexpectedly caused quite a stir at the end of February. Back in autumn, Duma members Belyakov and Mikheyev suggested in their bill raising tobacco excise rates by 300% in 2011 and another 150% in 2012. The bill was appropriate then, as new rates were just being prepared and the bill was actively discussed along with several similar ones proposed earlier. Then the...

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