Illegal withdrawal of capital from Russia in 2004-2013 exceeded $1 trillion


Moscow. December 10. Illegal withdrawal of funds from Russia in the 2004-2013 period averaged $104,98 billion a year, or a $1.05 trillion in total, according to the American research organization Global Financial Integrity (GFI).

Among the 20 largest sources of illicit financial flows Russia is ahead of only China – $139,23 billion a year, $1,39 trillion overall. From Mexico, occupying the third place, annual output of about $52,8 billion.

A total of illegal capital outflows from developing countries in 2013 jumped to $1.1 trillion, over 10 years, amounted to $7.8 trillion. The average annual growth of 6.5%.

According to the American researchers, on developing countries of Europe accounts for just over 25% of cumulative illicit financial flows. Meanwhile, Russia remains the only country in the region, regularly appearing in the top 10 list of GFI. Moreover, in 2008 (us$107,8 billion) and in 2011 ($183.5 billion), Russia has taken the lead.

In the global list of leading countries in Asia (39% of the total amount) is in the top 10 of their five: in addition to China and India, was also marked Malaysia (5th), Thailand (8th) and Indonesia (9th).

The least contribution of Middle East and North Africa was 7.1%.

According to experts, 84% of illegal financial flows, i.e. more than $800 billion a year, accounts for the falsification of trade documents, including the undervaluation of exports.

According to GFI President Raymond Baker, if we could legalize at least some of these flows, developing countries would receive significant tax revenue that could be directed at fighting poverty.

GFI is a program of the American Center of international politics (Center for International Policy, CIP) aimed to the study of illicit transnational movements of capital and the development of measures to prevent them.