Russians rush money abroad as sanctions tighten and capital flight accelerates - The New Voice of Ukraine
Russians rush money abroad as sanctions tighten and capital flight accelerates - The New Voice of Ukraine
Source: The New Voice of Ukraine
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DW NOTE
Russians are moving money out while the currency is still convertible and before the next round of restrictions makes it impossible. Capital flight doesn't accelerate because sanctions tighten — it accelerates because people expect the next round to be worse than the last. Anyone still holding rubles in a Russian bank at this stage isn't making a considered bet on stability, they're just slow.