According to a release published by the Emirates News Agency, officials from Russia and the United Arab Emirates held the second round of negotiations for a new income and capital tax treaty on 12 June 2023. The treaty must be finalized, signed, and ratified before entering into force. Note, the two countries currently have a limited income tax treaty in force that was signed in 2011 and generally only applies with respect to income/gains derived by a Contracting State or its financial and investment institutions.