Number: RL30394
Title: Russian Capital Flight, Economic Reforms, and U.S. Interests: An Analysis
Authors: William H. Cooper and John P. Hardt, Foreign Affairs, Defense, and Trade Division 
Abstract: Russian capital flight is a longstanding problem with negative effects on the partially reformed Russian economy. Recent reports of Russian money laundering and other financial scandals involving the Russian Central Bank, the Bank of New York, other commercial banks, and even President Yeltsin's household involve forms of capital flight and have drawn greater attention to the problem. They have been the subjects of congressional hearings and have focused the attention of Members of Congress and others on U.S. interests in Russia and the effectiveness of U.S. policies. Recent legislation has been proposed as a result of concern over these scandals and Russian capital flight.
Pages: 20
Date: Updated March 10, 2000