Social inequality in Russia reaches record levels
Saturday 19th October, 2013

This year’s Global Wealth Report by Swiss bank Crdit Suisse records that 22 years after the collapse of the Soviet Union, the gulf between the broad mass of the population and the super-rich in Russia is greater than in any other major country in the world. Thirty-five percent of the country’s total wealth is in the hands of 0.00008 percent of the population, or 110 out of a total population of 143 million.The study states: “Russia has the highest level of wealth inequality in the world, apart from small Caribbean nations with resident billionaires. Worldwide, there is one billionaire for ever…

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