Amid his war of aggression against Ukraine, Kremlin chief Vladimir Putin has suspended tax deals with more than 30 countries that Russia considers “unfriendly”. The corresponding decree was published on the Russian legal portal on Tuesday.
Accordingly, double tax treaties with the US, several EU countries and Switzerland are affected. Moscow justified the move with alleged “violations of the legitimate economic and other interests of the Russian Federation”. Putin instructed the government to prepare a corresponding bill and submit it to parliament.
Revenge for sanctions?
Relations between Moscow and the West are at an all-time low since Russia attacked neighboring Ukraine more than 17 months ago. The European Union, but also the US and Great Britain reacted to the brutal war with, among other things, far-reaching economic sanctions against Russia.
Moscow, on the other hand, repeatedly paints itself as an alleged victim of the West’s anti-Russian policies. The Kremlin has now labeled 50 countries, including the entire EU, the US and Australia, as “unfriendly states”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
