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News Link • Economy - International

This Is The Moment When Russian Money Started Flowing Into Cyprus

• Business Insider
 It all goes back to a tax agreement made at the end of President Boris Yeltsin's administration in 1998.

The year is mostly remembered for the horrible collapse of the Russian economy. What's less remembered is that, in the years before the crisis, Yeltsin had been trying to reform the tax code to make it more centralized. Those reforms became more vital as the economy deteriorated.

From the Washington Post at the time quoting Russian Prime Minister Sergei Kiriyenko:

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