Putin orders FSB and Government to end with shadow money market

The Central Bank detected the mechanism for tax evasion by Sadovod and Food City tenants.

Russian President Vladimir Putin instructed the FSB and the Government to tackle the shadow turnover of cash and goods in the Russian markets, including Sadovod, Moskva and Food Citybillionaires God Nisanov and Zarakh Iliev, Interfax reports. Earlier, Head of the Central Bank Elvira Nabiullina told in a letter about the mechanism of tax evasion to the President.

Among the markets where illegal schemes are used, there is Sofia Vegetable Base in St. Petersburg, Tagansky Ryad and Novomoskovsky in Yekaterinburg, Nord City Mall and Druzhba in Novosibirsk, Yuzhny in Ufa, Torgovy city in Omsk and Khasavyurt market in Dagestan. The Head of the Central Bank asked the President to give instructions to the Federal Tax Service to strengthen control over the control cash register equipment, and the Ministry of Internal Affairs to tighten control over the implementation of migration legislation.

Nabiullina’s letter covers gray imports in large quantities come from China and Vietnam through Kyrgyzstan and Kazakhstan. The Central Bank revealed a possible payment and legalization scheme for gray imports in large markets with a volume of at least 10 billion rubles a month. Many large markets operate without cash equipment. The Central Bank called remittances through bank offices located close to such outlets “questionable.”

In March, security forces raided the markets of Sadovod, Moskva and Food City. They found mining farms and large amounts of cash of unknown origin in the markets. According to one of the versions, the pressure on Nisanov is connected with the refusal to finance projects of the Moscow authorities.

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