The Government has terminated an agreement with Russia on double taxation, which will cease to apply on February 10, according to a press release from the Government Offices.
This will make it more difficult for companies in Russia to trade with companies in Sweden and invest in Sweden, according to the text. Russian investors, for example, will be subject to double the withholding tax on Swedish portfolio investments.
The background is that Russia, in August last year, in light of the full-scale war of aggression in Ukraine, terminated parts of its tax agreements with 38 countries, including Sweden.
The Government has responded that Russia's actions lack legal basis and that Sweden has international law support to suspend the agreement.
This will further increase the pressure on the Russian war economy, according to the Government.
