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| Luxembourg Strengthens Economic Ties With Russia, Finland |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 01, 2011
Luxembourg’s Deputy Prime Minister and Foreign Affairs Minister Jean
Asselborn recently carried out official visits to Russia and to Finland to strengthen
economic ties in both countries.
In Moscow, Asselborn met with his Russian counterpart Sergei Lavrov, with the
talks focusing on the excellent bilateral relations between the two countries,
on relations between the European Union (EU) and Russia, as well as on other
key international and European issues.
It was said that Luxembourg is among the
ten largest investors in Russia, with total investments from Luxembourg
amounting to around USD19.7bn last year. The government also underscored the
considerable success experienced by many different Luxembourg companies currently
active in Russia.
During the course of the discussions, Foreign Affairs Minister Asselborn alluded
to the conclusion of negotiations on a bilateral double taxation agreement (DTA)
between the two countries, due to be signed by Luxembourg’s Finance Minister
Luc Frieden in Moscow shortly.
Asselborn also proposed the idea of revising the existing agreement in place
between the Grand Duchy and the Russian Federation pertaining to air transport.
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