Wealthy Russians move billions abroad amid economic concerns, raising capital flight alarms - Crypto Briefing
Wealthy Russians move billions abroad amid economic concerns, raising capital flight alarms - Crypto Briefing
Source: Crypto Briefing
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DW NOTE
Russia has been in capital controls since 2022 — the ruble is fiat only if someone will take it. When sanctions make formal banking impossible and war makes the domestic economy uninvestable, the wealthy don't move billions through regulated channels. They use crypto, Dubai property, or shell companies in friendly jurisdictions. This isn't capital flight concern — it's capital flight confirmation.