Armenia continues to lose money - media

Armenia continues to lose money - media

The capital outflow from Armenia amounted to $356,683,000 in Jan-May 2017, which is more than that of the same period a year before by $42.6 million, the Zhoghovurd newspaper writes.

It has become known from official sources that the bulk of the sum - about $144 million – has been taken to Russia and $64.4 million to the United States. 

According to the media resource, money has been taken from Armenia also illegally, to offshore zones, ARKA reported.

The source added that in total, $7.9 billion has been taken from Armenia abroad over the last nine years. 

The authorities don’t comment on even a legal capital outflow, the authors of the publication say. 

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