Putin says excessive trust in Europe is Russia’s key mistake in past yearsRussian Politics & Diplomacy October 19, 21:03
Situation surrounding North Korea highly dangerous, Putin saysRussian Politics & Diplomacy October 19, 19:59
Putin: Russia ready to move towards universal nuclear disarmamentRussian Politics & Diplomacy October 19, 18:53
Russia to give immediate mirrored response to US withdrawal from INF Treaty — PutinRussian Politics & Diplomacy October 19, 18:49
Europe’s supporting separatism in some states triggered Catalan events — PutinRussian Politics & Diplomacy October 19, 18:43
Putin: US failing to honor commitments for plutonium disposalRussian Politics & Diplomacy October 19, 18:04
US sanctions aimed at forcing Russia out of European energy market — PutinBusiness & Economy October 19, 17:59
Some countries do their utmost to preserve chaos in Middle East — PutinRussian Politics & Diplomacy October 19, 17:42
Putin: Previous formulas for tackling conflicts do not work, new ones not yet foundRussian Politics & Diplomacy October 19, 17:18
MOSCOW, June 5 (Itar-Tass) - The world drug market is estimated at about 500-800 billion dollars, Director of the Federal Service for Control over the Circulation of Drugs Viktor Ivanov said at the 30th international conference of the law enforcement agencies for the struggle against drug trafficking here on Wednesday.
“According to different estimates, the world drug trade volume is estimated at 500-800 billion dollars that is comparable with the market of hydrocarbons,” Ivanov said, noting that, according to the estimates of the World Bank, the world economy sustains 2-3 times more damages, because the expenses for the struggle against drug crimes are included in the losses.
Ivanov noted that the drug money, which is getting in the financial banking system, violates the competition and results in corruption.
Meanwhile, chairman of the Eurasian group for counteraction to the legalization of criminal incomes and financing of terrorism Yuri Chikhanchin noted that during the world financial crisis, according to international experts, the money, which was acquired from the sale of drugs and which stabilized several banking structures, was injected in the banking system.
For a successful struggle against the drug production it is needed to work more actively to combat the legalization and laundering of the monetary funds, which were received from the drug trade, Chikhanchin underlined.