Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Offshore Capital Of Russians Is Three Times Larger Than the Amount Of the Country's Foreign Exchange Reserves
August 17, 2017 16:56


(Source: https://dovira-uae.com/otkryt-firmu-v-offshore-tsena)

Offshore capital of Russians is three times larger than the amount of the country's foreign exchange reserves. The citizens keep the amount equal to 75 percent of gross national income (GNI) offshore, the country's reserves amount to 25 percent of GNI. This is stated in the study of the National Bureau of Economic Research in the United States.

The volume of foreign exchange reserves in Russia is almost 350 billion US dollars (data of the Central Bank on August, 1). Thus, according to the assessment of the bureau, more than trillion dollars, or more than 60 trillion rubles are kept in offshore.

Therefore, the volume of offshore capital is equal to the value of financial assets within the country, the document says. "That is the amount of wealth kept by rich Russians abroad: in the UK, Switzerland, Cyprus and other similar offshore centers, that is equal to the assets held by the entire population of Russia within the country," the authors of the study emphasize. The experts point to the extreme level of inequality and the concentration of resources on the basis of rent. 


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags:      

Next Previous

You might also find interesting:

How Vancouver was not won (a time to gather stones) Russia and Cyprus Agree to Amend the Tax Agreement Russian MOFA Comments On Assad's Resignation Big money raw over medicaments Why may a Foreigner be Refused in Registration of IE in Russia









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
volcano  TNK-BP  Concerts in St. Petersburg  Opposition  fashion designer  Aeroexpress  Volgograd  Russian tourism  Mercedes-Benz Fashion Week   Russian roads  Easter  Festivals in Moscow  Russian festivals  Mercedes-Benz Fashion Week Russia  Christmas  Emelyan Pugachev  Moscow  physics  Russian patriarchy museum  The Year of Literature  Russian regions  airport transfer Saransk  Konstantin Paustovsky  Admirals  Sestroretsk  Russian Stage Directors  odd news  Fashion Museum  Circle of Light  St. Petersburg  Novokosino  Russian political parties  Russian trade  Russian markets  BULTHAUP Design Gallery  Cybersports  Nanotechnologies  Rostov  Exhibitions in Moscow  Fyodor Fyodorovich  Russian business  Oleg Tabakov  Crystal Ball  Buguruslan  travel to Russia  Russian Cinema  sanctions  Moscow Region  Russian Theater  Capello 


Travel Blogs
Top Traveling Sites