Sanctions, sequestrations, closure of businesses... so many factors that push Russian millionaires to leave their country.
According to a study by the London firm Henley & Partners, more than 15,000 millionaires will leave Russia by the end of the year.
This represents 15% of the fortunes of the country, out of a total of 101,000 Russians possessing more than a million dollars.
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Over the past decade, "
well-to-do people have emigrated from Russia in increasing numbers every year
", representing "
a harbinger of the current problems facing the country
", analyzes Andrew Amoils, head of research at New World Wealth .
He adds that historically “
the great collapses of countries have generally been preceded by an acceleration in the emigration of the rich, who are often the first to leave because they have the means
”.
Already, in March, the financial adviser Sergei Leonidov, warned the Russians: “
If you have loans or other debts with banks, you must repay them quickly.
The crisis increases the risk of losing sources of income.
On the Ukrainian side, the departures are also significant because 42% of the country's millionaires (2,800 individuals) will leave the country in 2022.
The United Arab Emirates, home to millionaires
Some countries are widely favored by these millionaires, like the United Arab Emirates, in first position in the Henley & Partners study.
Then come Australia, Singapore, Israel, Malta, Mauritius and Monaco.
These places all have one thing in common: their low tax rates, making them very attractive to the wealthy.
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For journalist Misha Glenny, a specialist in Eastern Europe, "
long before the imposition of sanctions on the Russian banking system, a tsunami of capital was already leaving the country, in large part caused by the increasingly capricious style of President Vladimir Putin and his demands for loyalty to middle-class and wealthy Russians
".
A finding denied by Putin's government.
In one of his last conferences, the Kremlin spokesman, Dmitri Peskov, affirmed that the Russian power had not “
noticed a tendency
” of departures of millionaires from the country.