Peskov stressed that "no decisions have been made yet."

He explained that the ministry "is acting in accordance with the circumstances that have developed as a result of an unprecedented pandemic and the global economic crisis that was provoked by this pandemic."

According to Peskov, "an expert discussion is underway."

He said that "the Ministry of Finance, which is facing a budget deficit, is looking for sources to increase the revenue side of the budget."

“This is a completely normal process, but I will repeat once again: no decisions were made in this regard,” Peskov added.

Earlier it was reported that the Ministry of Finance has prepared a draft amendment to the Tax Code, which proposes to increase excise rates on cigarettes and tobacco products by 20% in 2021.