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Tag Archives: russia

U.S. Treasury Prohibits Russia’s Access to Services

The United States continues significant and unprecedented action in response to Russia’s invasion of Ukraine by imposing severe economic costs that will have both immediate and long-term effects on the Russian economy and financial system. On May 8, 2022, the … Continue reading

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Newly Added Sanctions Ban U.S. From Providing Accounting Services to Russia

In the latest round of United States Sanctions on Russia, the new penalties that target Moscow are now involving Accounting and Consulting Services, as the United States has placed a ban on U.S. accounting and consulting firms from providing … Continue reading

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Russia Attempting to Evade U.S. Sanctions – Treasury Department Cracking Down

In the last week, we have seen an increased effort in the US Treasury Department’s attempt to combat Russia’s evasion of sanctions imposed on them. Sanctions were announced during a meeting of 20 nations which included representatives from both the … Continue reading

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Western Accounting Firms Facing Pressure to Cut Russian Ties

After the collapse of the Soviet Union roughly three decades ago, accountants and other professionals from the West flocked there to capitalize on new opportunities.  International trade in Russia has skyrocketed following the Union’s downfall, being a large contributor to … Continue reading

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Tax Free Russian Tanks

Some Ukrainians are currently sitting at home with an arsenal of Putin’s military equipment, and have no idea how to declare it on their tax return. According to Ukraine’s taxation department, there is no need to worry!

Ukraine has been … Continue reading

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