The Kubera Principle

The net outflow of capital from Russia: $251 billion

Up to 1 million citizens left Russia "for good"

The net outflow of capital from Russia: $251 billion

NEW YORK (RichTVX.com) — We’ve got breaking news: Vladimir Putin is preparing a new wave of mobilization in his country. He also plans to close the borders — Russia has about a week left. Russians do not believe in Vladimir Putin and his war. Here are some facts: In the first 10 months of the year 2022, Putin’s subjects transferred $68 billion to foreign accounts. In the fall, the desire to hide money away from Russia only intensified. A record $14.7 billion was withdrawn from the Russian banking system in October, in September it was $7 billion. The net outflow of capital from Russia (from individuals and legal entities) last year reached $251 billion. The number of requests for the purchase of real estate abroad among the subjects of Russia increased by 2.3 times in a year. Moreover, Russians are not interested. They go to Thailand, Qatar, Turkey, Georgia – just to avoid staying in Russia. 100 thousand IT specialists left Russia in 2022 and did not return. At the same time, the regime wants to ban remote work. In total, up to 1 million citizens left Russia “for good” in 2022. This is more than during the entire Cold War. Wealthy people, businessmen, and the creative class left. Putin is deliberately turning the Russian Federation into an analogue of North Korea, where a criminal group rules the uninitiated poor masses. The Kremlin needs no citizens.

NEW YORK (RichTVX.com) — The annual tradition was back in full force as hundreds of thousands rang in the New Year in New York City’s Times Square.