Russian Business’ Off-shore Financial Networks

B. Kheyfets

Voprosy Ekonomiki, 2009, issue 1

Abstract: The article considers a new tendency in the development of Russian off-shore business — transition to creating off-shore financial (financial-industrial) networks. Due to including companies from "soft" off-shores and sparring off shores the respectability of business in the whole grows while preserving the traditional off-shore benefits. The conflict of interests of business and the state towards off-shores that control 70—80% of Russian large private companies is shown; major off-shore risks under conditions of the current crisis are considered. The author assesses recent changes in Russia’s anti-off-shore policy and formulates some recommendations aimed at its perfection. It is also very important to improve national economic and political business environment in general.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:826

DOI: 10.32609/0042-8736-2009-1-52-67

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