MOSCOW, April 24 (RIA Novosti)
- Govt. Considers State Monopoly on Alcohol Retail
- Russian president approves 3-year budget
- Russia prepares for a total smoking ban
- Alco-Pops Face End Over Russian Tax Labels
- Russian must not hike alcohol excise duties sharply - Putin
The Russian government intends to give the regions the powers to use 1 trillion rubles ($33 billion) in extra revenues from planned increases in alcohol and tobacco excise duties, President Dmitry Medvedev said on Tuesday.
“A process of broadening the (revenue) base of regions and local self-government bodies should be launched. It would be appropriate to transfer additional revenues from the intended rise in alcohol and tobacco excise duties to these levels,” Medvedev said at a meeting of the State Council.
“We must considerably expand the volume of financial resources which regions can use at their discretion. The figure, which was discussed is about 1 trillion rubles,” he said.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.