KYIV, Oct 10 – Philip Morris Ukraine, British American Tobacco, JTI and Imperial Tobacco in Ukraine are mulling the possibility of decreasing production and later closing the tobacco factories on the territory of Ukraine over the adoption of the legislative requirement on the government regulation of markup on their goods by the Verkhovna Rada.

The largest tobacco firms said earlier the adoption of bill No. 1210 on amendments to the Tax Code of Ukraine dated August 30 provides for an increase in the excise duty rate on cigarettes by 2.5 times from January 1, 2020, which will lead to the increase in the prices by 2.5-3 times, to UAH 80-100 per package of cigarettes.