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Russian Business’ Off-shore Financial Networks

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  • B. Kheyfets

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.

Suggested Citation

  • B. Kheyfets, 2009. "Russian Business’ Off-shore Financial Networks," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    • Handle: RePEc:nos:voprec:y:2009:id:826
    DOI: 10.32609/0042-8736-2009-1-52-67
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