Russia's Federation Council Proposes Excise Tax on Tobacco-Free Nicotine to Fund Regional Budgets

Federation Council Speaker Valentina Matviyenko proposed regulating and taxing tobacco-free nicotine and nicotine-free products, with revenues earmarked for regional budgets. This is a domestic fiscal policy proposal, not yet law, and its market impact is limited to potential future regulatory changes in Russia's nicotine market.