The Russian Finance Ministry expects that the Russian budget will receive 130-150 billion rubles ($1.73-$2 billion) a year from the revision of tax agreements with Cyprus, Malta and Luxembourg, mainly from Cyprus, Deputy Finance Minister Alexey Sazanov said
MOSCOW (Pakistan Point News / Sputnik - 15th September, 2020) The Russian Finance Ministry expects that the Russian budget will receive 130-150 billion rubles ($1.73-$2 billion) a year from the revision of tax agreements with Cyprus, Malta and Luxembourg, mainly from Cyprus, Deputy Finance Minister Alexey Sazanov said.
"Accordingly, from the revision with these three jurisdictions [Cyprus, Malta and Luxembourg], we expect to receive from 130 to 150 billion rubles a year. Mainly from Cyprus ... Cyprus is ahead of all other jurisdictions in terms of the volume of payments," he told reporters.
