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Why did Yeltsin decided to double the taxes on Russian vodka in 1997?

April 26, 2017decided double Russian taxes vodka yeltsin

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Why did Yeltsin decided to double the taxes on Russian vodka in 1997?

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That’s right! Answer: C. To raise revenue for debt reduction Faced with a $3 billion debt owed to Russia’s labor force, Yeltsin decided to double taxes on vodka as a way to raise revenue. Yeltsin also decreed that government restore a state monopoly on the production and sale of the liquor in an effort to battle smuggling and black market sales of vodka.