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

Steppe / Степь (bilingual)

Steppe / Степь (bilingual)

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.
Maria's War: A Soldier's Autobiography

Maria's War: A Soldier's Autobiography

This astonishingly gripping autobiography by the founder of the Russian Women’s Death Battallion in World War I is an eye-opening documentary of life before, during and after the Bolshevik Revolution.
Faith & Humor: Notes from Muscovy

Faith & Humor: Notes from Muscovy

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.
A Taste of Chekhov

A Taste of Chekhov

This compact volume is an introduction to the works of Chekhov the master storyteller, via nine stories spanning the last twenty years of his life.
Woe From Wit (bilingual)

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.
Murder and the Muse

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.
The Latchkey Murders

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...
The Pet Hawk of the House of Abbas

The Pet Hawk of the House of Abbas

This exciting new trilogy by a Russian author – who has been compared to Orhan Pamuk and Umberto Eco – vividly recreates a lost world, yet its passions and characters are entirely relevant to the present day. Full of mystery, memorable characters, and non-stop adventure, The Pet Hawk of the House of Abbas is a must read for lovers of historical fiction and international thrillers.  
Fish: A History of One Migration

Fish: A History of One Migration

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