Global minimum tax (GMT): An overview
Fact: The Global Minimum Tax (GMT) sets a proposed rate of 15% on profits and was approved at the October 2021 Summit in Rome with an effective date of 2024.
Russian Federation
‘Nothing unusual’ about nuclear weapons drill, says Putin
Russian President Vladimir Putin stated that a planned military exercise involving the deployment of tactical nuclear weapons in southern Russia and Belarus is not unusual and is part of regular training. This exercise was announced in response to perceived threats from France, Britain, and the United States. Belarusian President Alexander Lukashenko mentioned that this is the third such training exercise between the two countries. Russia and the United States hold the majority of the world’s nuclear warheads, with Russia having around 1,558 non-strategic nuclear warheads. There is uncertainty about the exact nature of the weapons supplied to Belarus and how they are stored. The Pentagon noted that there has been no change in Russia’s strategic nuclear forces despite the rhetoric surrounding the exercises.
Putin says there is ‘nothing unusual’ about tactical nuclear weapons drill
Russian President Vladimir Putin stated that a planned exercise involving the practice deployment of tactical nuclear weapons in southern Russia with Belarus is not unusual. Russia announced the nuclear exercise as a response to threats from France, Britain, and the United States. Putin mentioned that these exercises are routine and part of training. Belarus has joined Russia in similar exercises in the past, with uncertainty surrounding the nature of the nuclear weapons supplied to Belarus. The Pentagon noted that despite Moscow’s rhetoric, there has been no change in Russia’s strategic nuclear forces.
Russia to practice tactical nuclear weapon scenario to deter West – defense ministry
Russia is holding a military exercise that includes practice for the use of tactical nuclear weapons in response to what they perceive as provocative threats from Western officials. The exercise, ordered by President Vladimir Putin, aims to test the readiness of non-strategic nuclear forces and will involve missile formations in the Southern Military District and naval forces. The goal is to ensure Russia’s territorial integrity and sovereignty. This comes after Putin’s 2022 invasion of Ukraine, which has caused a breakdown in relations between Russia and the West.
Cyprus linked to a terrorist attack in Moscow
Cyprus is being implicated in the investigations into a deadly terrorist attack in Moscow, with reports suggesting that a sum of money in the form of cryptocurrency ended up in the hands of perpetrators through a Russian businessman with ties to the island. The businessman, known as “Yulik London,” is wanted by Russian authorities for possible embezzlement. However, it is emphasized that there may be no direct link between the businessman and terrorist financing. The information was not published in major Russian media outlets and was uncovered during an investigation at a cryptocurrency exchange in Moscow. The Russian Prosecutor General’s Office has requested assistance from the US, Germany, France, and Cyprus in connection with the terrorist incidents.