RIA Novosti informs about it.

The explanatory note to the document states that "if the Russian side sends a notice of denunciation of the agreement by June 30, 2021, its effect will cease from January 1, 2022."

In the conclusion of the international committee of the Federation Council, it is noted that "the agreement is subject to denunciation, since in the current economic conditions, the preservation of bilateral Russian-Dutch cooperation in the tax area without making appropriate changes is contrary to the interests of Russia."

Earlier, Russian Prime Minister Mikhail Mishustin signed a decree approving the proposal to denounce the double taxation agreement with the Netherlands.

Dutch Finance Ministry spokesman Remco Raus commented on the decision of the Russian government.