According to the signed in early August, President Vladimir Putin's law, from 1 October VAT rate for this product increases from 10% to 20%. According to preliminary estimates, the abolition of benefits should bring in the budget additional revenues in the amount of 4.5-5 billion rubles.

However, if you call, the deputies and the government was guided not only by the interests of the Treasury. According to the parliamentarians, the rate increase will make use of this product in the food industry less profitable, and thus have a positive impact on dairy products, and sweets, making them more natural.

As reported RIA Novosti, Executive Director of oil and fat Union of Russia Mikhail Maltsev, due to the indirect nature of the tax risk of increased prices for products containing milk fat substitute, “not be significant”. The effect of the measures on cost, according to Maltsev can be assessed "a minimum of two quarters".

“The change in the price, will definitely affect the attraction of working capital will affect the cost of credit will be affected but, in our opinion, not so much. But, since palm oil is used to produce products of lower price categories, for socially vulnerable population on the impact of increasing VAT can be sensitive,” - said the representative of the industry, noting that because of its unique characteristics of palm oil still remains indispensable in the production of a number of products of the confectionery industry.

In 2018, according to the Federal customs service in Russia imported 1.06 million tons of palm oil and its fractions in $748,77 . The main suppliers are Indonesia, whose share is 84.1% of import in Russia, Malaysia (8.2 percent) and the Netherlands (4.6 per cent).