Russian capital flight

Mark Jones Jones_M at
Fri Sep 11 11:38:40 PDT 1998

Doug Henwood wrote:
> [from Johnson's Russia List]
> From: fweir at
> Date: Thu, 10 Sep 1998
> Subject: Capital Flight
> By Fred Weir
> MOSCOW (CP) -- Capital has hemorrhaged out of post-Soviet
> Russia on a scale unseen anywhere else in the world, leaving the
> country without needed resources to rebuild its economy, a joint
> Canadian-Russian report says.
> The 18-month study, sponsored by Russia's official
> Institute of Economics and the University of Western Ontario's
> Centre for the Study of International Economic Relations,
> concluded that as much as $140-billion (US) -- almost $2-billion
> per month -- fled Russia during the first six years of market
> reforms.

I think what's interesting about this is not what the reports says -- it's hardly news that the place wuz robbed -- and I'm sure Zyuganov and many others are right to argue that the real loss is at least $300bn.

It's the word 'official'. This is like the very first tentative admissions by the Allies in 1944-45 that possible those 'resettlement' camps at Ravensbruck, Auschwirz etc weren't quite all they seemed. Great crimes have been committed against the Russian people, amounting to genocide. Every semi-official admission of material grounds for alleging such crimes is important.


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