Russia and Luxembourg agreed to a rider to the two country’s double taxation and tax-avoidance agreement. Finance Minister Luc Frieden signed the  agreement in Moscow on 21st November, along with Anton Silouyanov, the Russian Federation finance minister. The rider features a reduction of taxation on dividends, reducing the 10% rate to 5% and improves other aspects of the agreement “in the economic interest.” Russia frequently uses Luxembourg-based financial vehicles to structure trade flows, resulting in  substantial capital movement between the countries.