About RUB 21 billion were illegally cashed in Russia in January-September 2021 – almost half as much as in the same period in 2020, Ilya Yasinsky, Director of the Department of Financial Monitoring and Currency Control of the Bank of Russia, said during an online conference of the Association of Russian Banks (ARB).
“Over the nine months of this year, the volume of cashing has been practically reduced by half compared to the same period last year, from over 40 billion rubles to a little over 21 billion rubles,” he said on the association’s website.
The Central Bank also recorded a decrease in the volume of funds illegally withdrawn abroad. If for the first nine months of this year it amounted to 31 billion rubles, then for the same period last year – 33 billion rubles. Yasinsky noted that the indicator has been kept “at the minimum level” for several years.
At the end of 2021, the volume of dubious operations on illegal withdrawal of funds from Russia will decrease by about 5-7%, the Central Bank expects.
Earlier, the regulator reported that in the first half of 2021, 20 billion rubles were exported from Russia abroad. – 5.26% more than in the same period last year. The increase was due to the growth of dubious advance payments for imported goods while reducing dubious transfers on transactions with services and to the accounts of residents abroad, the Central Bank explained then.
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