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Russia suspends tax accords with "unfriendly" countries including Ireland

The decree was signed by Vladimir Putin
The decree was signed by Vladimir Putin

Russian President, Vladimir Putin, has signed a decree suspending taxation provisions with dozens of countries, including Ireland.

The move was taken against what Moscow claims are "unfriendly countries", because they have imposed sanctions on it.

The measure was proposed by the Russian Finance Ministry and the Foreign Ministry in March.

Western countries have imposed successive waves of economic sanctions on Russia in response to its invasion of Ukraine in February last year, which it calls a "special military operation".

Russian news agency TASS said the decision was made "on the basis of the need for taking immediate measures" in view of unfriendly actions of certain countries.

It said use of the documents listed in the decree are suspended "until foreign states rectify violations of lawful economic and other interests of Russia, rights of its citizens and legal entities committed by them" or until the expiry of the documents.

TASS said that in particular, the decree suspends the operation of certain articles in agreements on avoidance of double taxation and prevention of tax evasion with the US, UK, Canada and Switzerland, and taxation documents with other unfriendly countries, including Ireland.

In total 38 countries have been targeted.