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

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...
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.
Stargorod: A Novel in Many Voices

Stargorod: A Novel in Many Voices

Stargorod is a mid-sized provincial city that exists only in Russian metaphorical space. It has its roots in Gogol, and Ilf and Petrov, and is a place far from Moscow, but close to Russian hearts. It is a place of mystery and normality, of provincial innocence and Black Earth wisdom. Strange, inexplicable things happen in Stargorod. So do good things. And bad things. A lot like life everywhere, one might say. Only with a heavy dose of vodka, longing and mystery.
The Samovar Murders

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.
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.
A Taste of Russia

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.
Davai! The Russians and Their Vodka

Davai! The Russians and Their Vodka

In this comprehensive, quixotic and addictive book, Edwin Trommelen explores all facets of the Russian obsession with vodka. Peering chiefly through the lenses of history and literature, Trommelen offers up an appropriately complex, rich and bittersweet portrait, based on great respect for Russian culture.
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.  

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