June 24, 2022

Capital Taking Flight


Capital Taking Flight
A luxurious way to flee. Wikimedia Commons

On June 13, 2022, UK-based consultancy Henley & Partners has estimated that 15 percent of Russian millionaires will emigrate from the country by the end of 2022.

Approximately 15,000 millionaires have made the decision to flee Russia because of Vladimir Putin's invasion of Ukraine. This capital flight could have dire consequences for Russia's economy, as all those individuals' assets, business expertise, and education leave the Russian market.

The research report presented by Henley & Partners was completed by New World Health. The company’s research head, Andrew Amoils, said that the predicted wealth migration is extremely significant. Throughout history, he said, countries have crumbled following the vast migration of their wealthy citizens.

The invasion of Ukraine has also affected the wealth of Ukraine itself. The report predicts that, approximately 2,800 millionaires, 42 percent of the estimated total, will flee the country by the end of 2022.

You Might Also Like

A Victory for Higher Education
  • June 13, 2022

A Victory for Higher Education

American University Kyiv is partnering with Arizona State University to provide Ukrainians higher education amid times of war. 
An Attack on Sea Life
  • June 11, 2022

An Attack on Sea Life

Over 600 dolphins died and washed up on the coast of the Black Sea bordering Russia and Ukraine. 
Of Grain and Ukraine
  • June 10, 2022

Of Grain and Ukraine

The chairman of the African Union has announced a trip to Kyiv to discuss the world food crisis caused by the invasion.
Long Range Effects
  • June 09, 2022

Long Range Effects

Putin claims that US-provided weapons to Ukraine have made no impact against the invasion.
Like this post? Get a weekly email digest + member-only deals

Some of our Books

White Magic
June 01, 2021

White Magic

The thirteen tales in this volume – all written by Russian émigrés, writers who fled their native country in the early twentieth century – contain a fair dose of magic and mysticism, of terror and the supernatural. There are Petersburg revenants, grief-stricken avengers, Lithuanian vampires, flying skeletons, murders and duels, and even a ghostly Edgar Allen Poe.

Fearful Majesty
July 01, 2014

Fearful Majesty

This acclaimed biography of one of Russia’s most important and tyrannical rulers is not only a rich, readable biography, it is also surprisingly timely, revealing how many of the issues Russia faces today have their roots in Ivan’s reign.

Murder and the Muse
December 12, 2016

Murder and the Muse

KGB Chief Andropov has tapped Matyushkin to solve a brazen jewel heist from Picasso’s wife at the posh Metropole Hotel. But when the case bleeds over into murder, machinations, and international intrigue, not everyone is eager to see where the clues might lead.

93 Untranslatable Russian Words
December 01, 2008

93 Untranslatable Russian Words

Every language has concepts, ideas, words and idioms that are nearly impossible to translate into another language. This book looks at nearly 100 such Russian words and offers paths to their understanding and translation by way of examples from literature and everyday life. Difficult to translate words and concepts are introduced with dictionary definitions, then elucidated with citations from literature, speech and prose, helping the student of Russian comprehend the word/concept in context.

The Latchkey Murders
July 01, 2015

The Latchkey Murders

Senior Lieutenant Pavel Matyushkin is back on the case in this prequel to the popular mystery Murder at the Dacha, in which a serial killer is on the loose in Khrushchev’s Moscow...

Jews in Service to the Tsar
October 09, 2011

Jews in Service to the Tsar

Benjamin Disraeli advised, “Read no history: nothing but biography, for that is life without theory.” With Jews in Service to the Tsar, Lev Berdnikov offers us 28 biographies spanning five centuries of Russian Jewish history, and each portrait opens a new window onto the history of Eastern Europe’s Jews, illuminating dark corners and challenging widely-held conceptions about the role of Jews in Russian history.

Fish
February 01, 2010

Fish

This mesmerizing novel from one of Russia’s most important modern authors traces the life journey of a selfless Russian everywoman. In the wake of the Soviet breakup, inexorable forces drag Vera across the breadth of the Russian empire. Facing a relentless onslaught of human and social trials, she swims against the current of life, countering adversity and pain with compassion and hope, in many ways personifying Mother Russia’s torment and resilience amid the Soviet disintegration.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955