Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News

Russia’s head of the statistics service announced that 20 Percent of GDP in Russian economy is from illegal trade according to Bloomberg.

Otherwise known as the ‘Shadow Economy’, illegal trade of anything for guns to drugs to gardening to tuition is thought to account for $71 billion of the Russian economy.

The unemployment rate in the Russian economy hit a high of 8.1 percent in November of 2009.

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