Italy’s Guardia di Finanza is alleging that Pfizer’s unit, Pfizer Italia Srl, transferred excess capital to affiliates in the U.S. and the Netherlands to avoid taxes on profits
The chancellor agreed to settle for a smaller deal that would give the Chinese state-owned company less sway after six members of his cabinet voiced their opposition.
Importers argue the shipments aren’t covered by EU sanctions, yet the trade runs counter to the EU’s efforts to deprive Russia of fossil-fuel revenues.
A vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests, despite the harshest sanctions on Russian exports in history.