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

Murder at the Dacha
July 01, 2013

Murder at the Dacha

Senior Lieutenant Pavel Matyushkin has a problem. Several, actually. Not the least of them is the fact that a powerful Soviet boss has been murdered, and Matyushkin's surly commander has given him an unreasonably short time frame to close the case.

Bears in the Caviar
May 01, 2015

Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

The Samovar Murders
November 01, 2019

The Samovar Murders

The murder of a poet is always more than a murder. When a famous writer is brutally stabbed on the campus of Moscow’s Lumumba University, the son of a recently deposed African president confesses, and the case assumes political implications that no one wants any part of.

Woe From Wit (bilingual)
June 20, 2017

Woe From Wit (bilingual)

One of the most famous works of Russian literature, the four-act comedy in verse Woe from Wit skewers staid, nineteenth century Russian society, and it positively teems with “winged phrases” that are essential colloquialisms for students of Russian and Russian culture.

Russian Rules
November 16, 2011

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.

Faith & Humor
December 01, 2011

Faith & Humor

A book that dares to explore the humanity of priests and pilgrims, saints and sinners, Faith & Humor has been both a runaway bestseller in Russia and the focus of heated controversy – as often happens when a thoughtful writer takes on sacred cows. The stories, aphorisms, anecdotes, dialogues and adventures in this volume comprise an encyclopedia of modern Russian Orthodoxy, and thereby of Russian life.

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.

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