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Russian Market > Government Regulation
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Finance Ministry Links Excise to Election

Drinking and smoking will be cheaper in the first half of 2010 than in the second

The Finance Ministry has finally formulated the new rates of excises on alcohol and tobacco products that will apply in 2012-2014: corresponding draft amendments to the Tax Code (TC) are published on the website of the ministry. The increase will not be as significant as planned earlier and, as market participants assume, because of the presidential election scheduled for next March it will be split...

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