$ 1.6 billion siphoned out of Russia in 2017

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October 25 , 2017 – Fort Russ News – 

Vesti – translated by Inessa Sinchougova

Between January-September 2017, at least $1.6 billion was illegally routed out of Russia.

“$1.6 billion is the amount of advance payments without meeting counter obligations.  This amount has left Russia illegally in the first nine months of 2017,” said Sergey Shklyaev, head of the department for Trade Restrictions, Currency and Export Control.

Last year, the volume of unaccounted loss was $2 billion, in 2015 – $2.5 billion, in 2013 – $6.5 billion. The amount of loss is getting smaller, and increased cooperation with the Central Bank of Russia is thought to account for this. 

“We have a closed communication channel with the Central Bank, and within the framework of the agreement we pass information to each other. From the Central Bank we receive all the statements of currency transactions, and declarations for traded goods are received by the Central Bank,” Shklyaev said and added that figures exclude the provision of counterfeit declarations made to the Central Bank.

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