Nearly 40 Percent of Russian Economy Still in Shadow Sector

Cash, Calculator, Pen

(Paul Goble – Window on Eurasia – Staunton, July 2, 2017) According to the international Association of Chartered Certified Accountants, 39.3 percent of the Russian economy remains in the shadow sector, making Russia one of the leaders in this regard and meaning that 35.55 trillion rubles (600 billion US dollars) of economic activity there are off the books and not […]

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Shadow Economy, Rural Self-Sufficiency Allowing Russia to Weather Sanctions, New Study Finds

Diverse Paper Currency, Coins, Line Graph

(Paul Goble – Window on Eurasia – Staunton, May 31, 2015) Russia’s shadow economy and the self-sufficiency of Russians living outside of the major cities of the country “have allowed Russia to survive the crisis and the introduction of sanctions without large losses, according to five-year-long study of provincial society carried out by sociologists at Moscow’s Higher School of Economics. […]

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RIA Novosti: 15-20% of Russians Work in Shadow Economy

Hands Opening Envelope Containing Cash

MOSCOW, January 17 (RIA Novosti) ­ Up to a fifth of Russians work in a shadow economy that does not generate adequate tax payments, the country’s labor minister said Friday. “Fifteen to 20 percent of citizens” work jobs that do not provide proper tax and social security payments to the government, Maxim Topilin told an economic forum in Moscow. “I […]

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