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Russia Says No to UK Request to Reverse Tax Treaty Suspension

22 August 2023

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Treaty Development

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Russia-United Kingdom

The Russian Ministry of Finance issued a release in connection with the UK's recent request that Russia reverse the suspension of the 1994 tax treaty between the two countries. The release explains that the decree suspending provisions of the tax treaties with the UK and 37 other countries was issued in response to the actions taken by respective countries, including: The unilateral introduction of economic restriction measures (sanctions) since 2022; The inclusion of Russia in the EU list of non-cooperative jurisdictions; and Non-compliance by treaty partners with certain provisions of the treaties, such as refusals to issue confirmations of permanent...