To get the money back from offshore: Russia denounced the Treaty with Cyprus

Under the orders of the President of Russia Vladimir Putin on the adjustments to the treaties on avoidance of double taxation with those countries, which need a lot of capital from the country, Moscow denounce a relevant agreement with Cyprus. According to various estimates, Cyprus was removed in 2018 and more than 1.4 trillion. rubles, and in 2019-more than 1.9 trillion rubles, according to the Ministry of Finance of the Russian Federation.

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