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Customs corruption and IPOs


The huge problem of corruption in Russia is nowhere more concentrated or damaging than in the customs administration. The problem is not even limited to crude extortion by customs officials. Still more widespread is the practice of kickbacks to officials for reducing import duty. Radical deregulation would help, but the scope for this is limited because of the importance of customs for public finances.

But now there is a private sector-led breakthrough, which has normalised...

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