Tax havens for Russian oligarchs to escape sanctions

According to a study by the National Bureau of Economic Research, cited by Prophet, 60% of the wealth of Russian wealthy families is hidden outside Russia. to Dubai There was an increase in luxury apartments by wealthy Russians from $15,000 a month.

Always off the coast of Dubai, rebuilding ProphetMany yachts owned by Russian billionaires are moored, including the one owned by oligarch Andrei Skoch, a businessman in the steel sector who ended up on the blacklist of the United States. Not just luxury boats. A plane belonging to Arkady Rothenberg, Putin’s friend for years, has landed in the Emirates.

Here Russians, unable to pay with dollars, are increasingly turning to cryptocurrencies to escape sanctions.

Moving from the Emirates to the Indian Ocean, another favorite destination for the wealthy is sure to be the moldive IslandsAt least five luxury yachts were seen. The Maldives does not have an extradition treaty with the United States.

Kaliningrad Instead, it is another financial enclave located in the heart of Europe. It has a special system that Putin wanted in 2018 to defend his rule.

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