Opinion | Will Putin’s Information Iron Curtain Backfire in Russia? - The New York Times

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Laundered Money Could Be Putin’s Achilles’ Heel

The sums involved are mind-boggling. Novokmet et al. estimate that in 2015 the hidden foreign wealth of rich Russians amounted to around 85 percent of Russia’s G.D.P. To give you some perspective, this is as if a U.S. president’s cronies had managed to hide $20 trillion in overseas accounts. Another ( Read more... )