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Russia Hemorrhages at Least US$211.5 Billion in Illicit Financial Outflows from 1994-2011, Finds New GFI Study
February 15th, 2013
WASHINGTON, DC – The Russian economy hemorrhaged US$211.5 billion in illicit financial outflows from 1994—the earliest year for which data is available following the dissolution of the Soviet Union—through 2011, according to a new report released Wednesday by Global Financial Integrity (GFI), a Washington, DC-based research and advocacy organization. The study, titled “Russia: Illicit Financial Flows and the Role of the Underground Economy,” also measures massive illicit inflows to the Russian economy of $552.9 billion over the 18-year time-span, raising serious questions about the economic and political stability of the nation currently chairing the G20.
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RT @icrict: Quel que soit le gouvernement annoncé, @PikettyLeMonde de l'@icrict rappelle qu'il doit avoir une position très claire: avec la…
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