Illegal or dubious transactions were the cause of $22 billion of capital outflow from Russia for the first nine months of 2013, Central Bank chief Elvira Nabiullina said Wednesday.
"The situation in which a large amount of capital is involved in illegal operations has to change," Nabiullina said, Prime news agency reported.
The total amount of suspicious capital outflow last year was $39 billion, she said, adding that the Customs Union's simplified trading procedures have played a major part in facilitating these illegal financial schemes.
About $47 billion has been funneled out of the country through the Customs Union in 2012 and 2013, Nabiullina said.
