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Money flows into offshore zones

By Messenger Staff
Thursday, July 26
The organization Tax Justice Network recently published a report. The report provides data that money has been flowing from former Soviet Union countries into off-shore zones starting from 1993 after the collapse of the Soviet Union. According to this data, in this period more than 4 billion was transferred from Georgia into the off-shore zones. This is not a very big figure compared with 48 billion transferred from Azerbaijan, 797 billion transferred from Russia, 166 billion from Ukraine and 158 from Kazakhstan. Overall, from the post Soviet states, including Eastern Europe, over 21 trillion was transferred into off-shore zones.