Groysman's Cabinet will raise cigarette prices sixfold.

CigaretteCigarettes in Ukraine thanks to the Cabinet of Ministers of Ukraine Volodymyr Groysman (Read more: Volodymyr Groysman: Dark Spots in the Biography of the Speaker of the Verkhovna Rada) could increase in price sixfold. A corresponding bill has already been registered in Parliament.

Groysman's Cabinet of Ministers submitted a new bill to the Verkhovna Rada of Ukraine amending the Tax Code of Ukraine, which proposes raising the excise tax on cigarettes to the EU level.

It's known that the excise tax in the European Union is €90 per 1,000 cigarettes. Currently, the tobacco tax in Ukraine is six times lower. Therefore, if MPs pass the new bill, the price of cigarettes will increase sixfold as early as 2016.

On the topic: Volodymyr Groysman. Dark spots in the biography of the Speaker of the Verkhovna Rada

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