On 14 August 2024, the Romanian government approved a memorandum on the suspension of the 1993 income and capital tax treaty with Russia. Russia suspended the application of certain tax treaty articles with 38 "unfriendly" countries on 8 August 2023, including the treaty with Romania. Romania's suspension of the treaty will take effect after the Ministry of Foreign Affairs formally notifies Russia of the suspension. Further details of the suspension will be published once available.