MOSCOW, June 21 (UPI) --
Russia's Finance Minister Anton Siluanov said that the country's shadow economy was up to one-fifth the size of its total economic output.
RIA Novosti reported Friday that Russia's gross domestic product is about $1.8 trillion, which would put the shadow economy at $250 billion.
Taken a step further, the shadow economy is responsible for tax avoidance on the order of $90 billion a year.
Siluanov's remarks were broadcast on Echo of Moscow radio, RIA Novosti said.
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