Ukraine lost $117 bln in illicit financial flows in 10-year period

Ukraine has ranked fourteenth among the countries with the highest amount of illicit financial flows, the Ukrainska Pravda online newspaper reported with reference to a report of Global Financial Integrity research and advocacy organization titled "Illicit Financial Flows from Developing Countries: 2004-2013."

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Thus, the average amount of illicit financial flows from Ukraine reached $11.676 billion annually, totaling $116.762 billion over a ten-year period, as noted in the report.

In particular, the amount of illicit financial flows from Ukraine in 2004 was $4.38 billion, in 2005 - $5.626 billion, in 2006 - $5.381 billion, in 2007 - $7,175 billion, in 2008 - $16.922 billion, in 2009 - $10.574 billion, in 2010 - $13.843 billion, in 2011 - $17.949 billion, in 2012 - $21.001 billion dollars, which was a record high level, and in 2013 - $13.911 billion.

Read alsoGFI designates Russia as global illicit financial flows leaderChina topped the list, with $139 billion average outflow of illicit finances per annum, followed by Russia ($104 billion per annum) and Mexico ($52.8 billion per annum).

In 2015 Ukraine ranked 107th in Business Tax Burden Ranking among 189 economies.

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