Bloomberg News

Putin Urges Gradually Raising Tobacco, Alcohol Excise Taxes

April 17, 2012

Prime Minister Vladimir Putin said the government should gradually raise excise taxes on alcohol and tobacco, coordinating measures to curb their harmful effects with Russia’s customs union partners Kazakhstan and Belarus.

“We have to raise them, of course, but very carefully, calmly,” Putin, who won a six-year term in the Kremlin in the March 4 presidential election, said at a government meeting in Moscow today. Sharp increases won’t “solve all our tasks,” he said.

To contact the reporters on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net; Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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