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Russia's Billionaires Fleeing Kremlin | US News
Russia’s ultra-wealthy are quietly fleeing the country, moving billions in crypto, gold, and real estate—especially to the UAE—as they fear Putin’s government will seize their assets to fund the war in Ukraine. With the economy slowing and state takeovers accelerating, even billionaires with rising net worth are feeling the squeeze. Major companies have been nationalized, and banking sector jitters are growing, with insiders warning of an impending crisis. Tens of billions have slipped out under the radar, while Putin reportedly endorsed a proposal for the rich to fund the state—making the…
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