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Russia’s shadow economy down to 35% of GDP in 2011

14.02.2013. | The volume of Russia’s black economy decreased from an average 46% of GDP prior to 2011 to 35% in 2011. This led to over $211 billion of illicit money fleeing Russia in 1994-2011, US financial watchdog Global Financial Integrity (GFI) reports. Over the 18 years Russia lost billions of dollars in form of......


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