Putin offered to cancel tax treaties with unfriendly countries Russia last year added the United States to the list of unfriendly countries

, the entire European Union and other states.Russia has double tax treaties with many of them.

The Ministry of Finance and the Ministry of Foreign Affairs proposed to President Vladimir Putin to issue a decree on the suspension of agreements on the avoidance of double taxation with countries that have imposed sanctions against Russia .

“If the proposal of the Russian Ministry of Finance and the Russian Ministry of Foreign Affairs is supported, the application of reduced withholding tax rates (tax exemptions) in respect of income covered by double taxation agreements will be suspended from the moment the relevant decree is issued,” the press release said. service of the Ministry of Finance.

The report says that since last year, Western countries have been introducing unilateral restrictive measures against Russia. Separately, it notes that in February 2023, the European Union included Russia in the black list of jurisdictions that do not cooperate with Brussels in the tax area.

“The introduction of restrictive measures unilaterally is a violation of international law. Accordingly, Russia has grounds for introducing retaliatory measures, ”the Ministry of Finance believes.

In response to Western sanctions, the government in March last year approved a list of countries that commit unfriendly actions against Russia, Russian legal entities and individuals. It includes the USA, Great Britain, the entire European Union, Australia, Japan, Korea and a number of other states.

Among the countries on the list of unfriendly countries, according to the Federal Tax Service, Russia has double tax treaties with the following:

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In 2022, President Vladimir Putin converted payments for gas with unfriendly states into rubles. The scheme provides that buyers of Russian gas from the countries specified in the list must open ruble accounts in Russian banks for payment. At the end of last year, Putin allowed payments in foreign currency, if these are payments for gas debts with unfriendly countries.