More than 14 thousand millionaires flee Russia after sanctions imposed by the invasion of Ukraine

Due to the invasion of Ukraine by the government Russian Y international sanctions In response, about 15% of millionaires in Russia have fled the country in recent months. More than 15,000 have fled Russian lands, according to official immigration data.

“Wealthy people have been emigrating from Russia in increasing numbers every year for the last decade, an early warning sign of the current problems facing the country”said Andrew Amoils, head of research at New World Wealth, who worked on the report with Henley & Partners, a London advisory firm.

Although he admits that for years millionaires left Russia, this time the flight has been in massive numbers. “Historically, large country collapses have generally been preceded by an acceleration in the emigration of wealthy people, who are often the first to leave because they have the means to do so,” Add.

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Generally, it has been reported that most millionaires are fleeing to countries like Dubai or the United Arab Emirates. The United Arab Emirates has become a hotspot for investors, as around 4,000 millionaires are forecast to enter the country this year. According to Amolis, the country’s attraction to the wealthy is its status as an international trade center.

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