November 15, 2022
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What’s new about inequality in Russia and Central Asia? released its 2022 annual inequality data update for Russia and Central Asia.

Russia exhibits one of the highest wealth inequality levels in the world. Further, Russia’s wealthiest nationals conceal a large share of their wealth through tax havens. The current architecture of the global financial system impedes comprehensive knowledge on beneficial ownership across asset types and jurisdictions. Under the roof of a European Asset Registry, the already existing but currently dispersed information could be gathered. This would change the state of play, resulting in better-targeted sanctions and effective tools to curb money laundering, corruption and tax evasion. The European Union could have a pioneering role in taking the next step towards more financial transparency.

Link to Issue Brief on Russian offshore assets and Western sanctions (published in March 2022).

Link to Technical Note providing details on data series and methods.

Contact’s Russia and Central Asia coordinator on

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