Targeted Activities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In view of developments in the area of taxation (including the OECD Base Erosion and Profit Shifting project and the European Union Anti-Tax Avoidance Package), since the beginning of 2017 the European Investment Bank Group ("EIB Group") has taken additional measures to enhance its procedures and practices aimed at avoiding EIB Group operations being misused for tax fraud, tax evasion, tax avoidance, aggressive tax planning, money laundering and financing of terrorism purposes.

In Short The Situation: On April 15, 2021, the United States issued a new executive order and related directive imposing additional sanctions on Russia that target dealings in Russian sovereign debt, the technology and defense sectors of the Russian economy, and the Russian government and its agents. The Result: Expanding on existing sanctions, the United States imposed focused restrictions on participating in certain ruble and non-ruble denominated bond and debt transactions with the Russian government, imposed blocking sanctions on several Russian technology companies, and laid the groundwo...