Kremlin: over $430 billion illegally withdrawn from Russia
Between 2000 and 2017, more than $430 billion was illegally transferred out of Russia, as stated by the head of the Federation Council Committee on Defense and Security, Viktor Bondarev, RIA NOvosti reports.
According to Bondarev, resolving the problem of illegal withdrawal of capital from Russia would impact the development of the domestic economy. He noted that the committee offers a number of measures to improve current legislation in the field of preventing economic crimes.
Among the senators’ suggestions is the creation of new mechanisms to prevent illegal transactions and identify organizations created to evade taxes and withdraw funds from Russia. Members of the committee suggest improving the system of interaction between law enforcement and supervisory bodies, as well as reforming the banking supervision system.
Earlier on April 25, Yury Chikhanchin, chief of the Federal Financial Monitoring Service (Rosfinmonitoring), said that Russian officials are involved in withdrawing funds and conducting doubtful operations for amounts totaling several billion rubles. Wealthy Russians also often keep money in offshore accounts. Chikhanchin did not mention specific names but noted that all information is sent to law enforcement agencies.