MOSCOW, May 17 (Reuters) - Russia and Malaysia have signed an agreement to avoid double taxation, the Russian finance ministry said on Friday, describing the move as a significant step towards redirecting Russian business to Asia and the Middle East.
The ratification of the agreement is expected to take place before the end of this year and it to enter into force on Jan.1 1, 2025.
Russia last year suspended double taxation agreements with what it calls "unfriendly countries" - those that have imposed sanctions on Moscow over its war in Ukraine. (Reporting by Darya Korsunskaya Writing by Maxim Rodionov Editing by Andrew Osborn)
