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Neighboring Russia, and Under Its Sanctions’ Shadow Too
By Kira Zalan
printCORRECTION APPENDED: Whatever the effectiveness of sanctions meant to sway Russia's involvement in Ukraine, one thing is certain: they've worsened the country's capital flight problem. By year's end, approximately $128 billion will have moved abroad, up from $63 billion in 2013, according to Russia's central bank. The European Central Bank in May cited a figure four times Moscow's numbers. But tracing where those funds are winding up and how they got there is difficult, according to financial crime experts. For countries with long-held financial and political ties to Russia, such opacity is only deepening suspicions that their financial institutions may...
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