“Round-tripping” accounted for 10% — or $270 million — of Ukraine’s ‘foreign’ investment last year, according to the National Bank of Ukraine
Thursday, August 2, 2018

“Round-tripping” accounted for 10% — or $270 million — of Ukraine’s ‘foreign’ investment last year, according to the National Bank of Ukraine

“Round-tripping” accounted for 10% — or $270 million — of Ukraine’s ‘foreign’ investment last year, according to the National Bank of Ukraine. This refers to Ukrainian money parked off shore that comes back to Ukraine for investments. The top four havens are Cyprus, the Netherlands, Switzerland and Austria. This phenomenon reduces Ukraine’s already low level of foreign investment – 1.5% of GDP. Concorde Capital’s Evgenia Akhtyrko writes: “The phenomenon of round tripping points to persistent problems with capital protection in Ukraine. Under a highly corrupted environment and ineffective regulatory system, business people are made to withdraw their revenues from the country for safety reasons.”

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