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Shadow Retail Trade in Moscow
April 18, 2018 15:03


The Bank of Russia collected  facts about the illegal turnover of cash and shadow retail trade in Moscow, which will be transferred to law enforcement agencies. This was reported by the Director of the Financial Monitoring and Exchange Control Department of the Bank of Russia, Yuri Polupanov, at the Thomson Reuters forum, RBC reports.

According to the Central Bank, in Moscow, the largest operators for cash circulation are: a shopping center Moscow in Lublin, Trade Center Sadovod near Moscow Ring Road and "Foodcity" on the Kaluga Highway. According to the regulator, about 90 percent of operators in these points of sale are Chinese manufacturers and traders. The monthly turnover of platforms is about 600 billion rubles, while the enrollment in bank accounts are practically not observed.

According to Polupanov, there are two types of exchange offices in these shopping centers: some are not considered as banks or operating cash desks, and others operate under the signs of operating cash desks and banks, but their turnover calculated remotely does not coincide with the statistics provided to the Central Bank. Polupanov added that traders buy a crypto currency for most of the proceeds, and send it to their home cities, where it is already exchanged for local money.


Author: Anna Dorozhkina


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