On 28 February 2022, the Russian Central Bank has announced the decision to increase the key rate from 9.50% to 20%. The measure was taken in response to the Russian invasion of Ukraine, followed by harsh sanctions and the collapse of the Russian ruble. The key interest rate is used for the purposes of calculating interest deduction and late payment interest on overdue taxes
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OECD: Building an Investment Tax Incentives Database
OECD: Building an Investment Tax Incentives Database
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