USD 45 billion going out of Russia through dubious transactions
Last year this figure was Ruble Trillions and between 1994-2012 it was USD 343.2 billion.
As per a Bank analyst Dimithri Dolginge, the reason for this is there are no investments opportunities in Russia which has a very liberal economy.
Some countries reduce their taxes to draw the investors to their countries, but, to avoid the taxes in Russia, they invest in another countries secretly.
Cyprus is considered as a traditional field of Russian investors. As taxes are imposed in Switzerland, Luxemburg, etc. it is reported that the Russian black money is floating to the Asian countries like Singapore, Hongkong, etc.
USD 25 billion has been sent out via Bolarus and Kazakhstan and the Central Bank of Russia has paid attention to have a combined customs between the 3 countries. It is suggested to blacklist such companies and persons and to submit a report on them to the banking systems worldwide
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