Earlier, we developed three scenarios for tax revenues from the electronic cigarette market:

The first scenario reflects revenues **without legislative changes**.
The second scenario reflects revenues **provided that legislative changes are introduced**.
The third scenario reflects revenues **provided that legislative changes are introduced and law enforcement agencies take active action**.

We will continue reporting the actual revenue figures to show:

How is the situation in the market changing? What impact do market de-shadowing and legislative regulation have?

In May 2026, revenues from the electronic cigarette market amounted to **UAH 19.424 million**.

In March, we observed an increase in revenues. While the projected figure was UAH 16 million, actual revenues exceeded UAH 20 million. This was the result of law enforcement efforts and stronger action against illegal schemes in the market.

The figures for June are expected shortly. However, we are already forecasting a further increase in tax revenues.