Add to favorite
 
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:

Sochi 2014 International Investment Forum: Govt Strategy South Stream Gas Pipeline Abandoned - Or Shelved? Cracking polonium mystery: premature conclusions Skype. A security threat for Russia? Rosneft Delivered Gasoline to APR





comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
VKontakte  migrant workers  Ivan Kliun  Russia-Uruguay  Modern Art  Contemporary Arts  Russian artists  Russian brands  Wood Turning  Russia courts  Photo Exhibitions  Russian scientists  Curonian Spit  Arts and Crafts  State Film Fund  Myshkin  Archeology  Tver region  Musical Theaters  Russian gas  Moscow  Concerts in Saint Petersburg  Russian business  Nizhny Novgorod  Russian diamonds  Sots Art  Amur tigers  Exhibitions in Moscow  Russian football team  Boston Marathon  IT  Buinsk  Russia investment  Russian Literature  Orest Vereisky  Aeroflot  VTB Group  Russian travel industry  Comics  Round-the-World Cruise  Painting  Russian theatre  Mercedes-Benz Fashion Week Russia  Russian tourism  the Bolshoi Theatre  Russian history  Russian Cinema  Barnaul  Tatiana Dogileva  Nevelsk 


Travel Blogs
Top Traveling Sites