EU adds to blacklist of countries with high money laundering risk. Russia omitted

Professor David Gilo, a former Commissioner for Competition, provided an economic analysis supporting the claims. Gilo’s expert opinion reveals that in 20 out of 24 examined routes, El Al held a dominant market share. He concluded that the price hikes were not justified by any rise in operational costs. In fact, El Al’s costs decreased during the period, while its profits soared.

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