Russia’s Elite Are Moving Billions Beyond Putin’s Wartime Grasp

Multiple Russian billionaires, including individuals close to President Vladimir Putin, have moved billions of dollars abroad over the past year as concerns rose about Russia’s economy and the government budget. The reported capital outflows signal worsening risk appetite and could weigh on Russia-linked currency and sovereign risk perceptions.

Analysis

Multiple Russian billionaires, including individuals close to President Vladimir Putin, have moved billions of dollars abroad over the past year as concerns rose about Russia’s economy and the government budget. The reported capital outflows signal worsening risk appetite and could weigh on Russia-linked currency and sovereign risk perceptions.