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Finance minister pegs shadow economy at up to 20 percent of GDP
MOSCOW,[url=http://www.moncleroutleto.co.uk]moncler sale[/url], June 21 () -- Russia's Finance Minister Anton Siluanov said that the country's shadow economy was up to one-fifth the size of its total economic output.RIA Novosti reported Friday that Russia's gross domestic product is about $1.8 trillion,[url=http://www.pachasvip.com]hollister clearance[/url], which would put the shadow economy at $250 billion. Taken a step further, the shadow economy is responsible for tax avoidance on the order of $90 billion a year.Siluanov's remarks were broadcast on Echo of Moscow radio, RIA Novosti said.