"With the socialist ethic giving way to private greed, corruption assumed virulent new forms in the post-Communist nations. Officials high and low are on the take, including the police. The Russian security minister calculated that one-third of Russian nickel shipped out of the country was stolen. Among those enjoying "staggering profits" from this plunder were and (', 2/2/93). In April 1992, the chairman of Russia's central bank admitted that at least $20 billion had been illegally taken out of the country and deposited in Western banks (', 4/19/93)."