Support The Moscow Times!

Illegal Capital Export Cited

Illegal capital exports from Russia stood at $37.6 billion last year, Customs Union Commission Executive Secretary Sergei Glazyev said in a report posted on the commission's web site Monday.

The report was presented at the latest meeting of the Eurasian Economic Community Interstate Council, attended by prime ministers last week.

Some $8 billion were exported as "net errors and omissions," $15.7 billion as "overdue export revenue," and $13.9 billion as "fictitious securities transactions," he said.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.