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This paper is devoted to analyzing external sources of financial support of terrorism in the North Caucasus – a region of the Russian Federation notorious for the military crackdown on the Chechen insurgency in the 1990s and the continuous terrorist activity which has led to hundreds of attacks against civilian and military targets throughout Russia. The author brings together scant pieces of information on the topic to present a study that could contribute to designing better law-enforcement and security practices intended to disrupt the financing of terrorism in Russia from abroad. This research is based on open sources and may serve as a framework for further investigation with the use of classified data by specialized agencies.