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16 mars 2022
- handle: 10670/1.7gjd6p
- halshs: halshs-04103916
info:eu-repo/semantics/OpenAccess
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Theresa Neef et al., « Effective sanctions against oligarchs and the role of a European Asset Registry », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.7gjd6p
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This note provides data on wealth inequality in Russia and advocates for a European Asset Registry. Russia exhibits the highest wealth inequality in Europe. Further, Russia’s wealthiest nationals conceal a large share of their wealth through tax havens. The current architecture of the global financial system impedes comprehensive knowledge on beneficial ownership across asset types and jurisdictions.Under the roof of a European Asset Registry, the already existing but currently dispersed information could be gathered. This would change the state of play, resulting in better-targeted sanctions and effective tools to curb money laundering, corruption and tax evasion.The European Union could have a pioneering role in taking the next step towards more financial transparency.