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Russia Makes Gas Payments Easier
Russian tax law has been amended to make it easier for foreign companies to open accounts in Russian banks and register with the country’s tax authority.
President Vladimir Putin signed a bill into law amending Russia’s tax code on Sunday, and it was published on the official portal for legal information.
The law aims to help foreign firms pay for Russian gas in rubles, in line with the new mechanism adopted last month. Foreign entities will be able to register with Russia’s tax authority after the bank that opens an account for them submits an application.
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