RUSSIA: Parliament Set To Approve Stricter Curbs On Tobacco
The Duma, Russia’s lower house of parliament, has given its initial approval to a draft legislation that will ban smoking in public spaces across the country, as well as create new restrictions on the marketing and sale of tobacco products.
The bill will ban smoking in public places such as restaurants, bars and hotels. It will also ban all advertising for tobacco products, as well as ban kiosks and other shops on stations from selling cigarettes.
The first reading of the legislation received 429 votes in favour, with just two abstentions and none against. The second reading of the legislation is not expected to take place until spring 2013. If passed then, the restrictions will be phased in and are expected to fully implemented by 2016.
The move is expected to significantly impact the results of global tobacco giants such as BAT, Imperial Tobacco, and Philip Morris, who have a more than 90% share of the market. The Russian tobacco market was worth $22bn in 2011, and is the world’s second-largest such market (after China), according to figures from Euromonitor International. Russian authorities claim that almost 400,000 people die each year in the country due to smoking-related causes.
NamNews - Monday 17th December 2012