21:33 - 16.07.2026

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July 16, Fineko/abc.az. Wealthy Russians have been actively shifting their investments into cryptocurrencies, gold, overseas real estate, and financial funds based in the Gulf region in recent months, according to a report by Bloomberg.

Sources estimate that the informal capital flight since the beginning of the year has already reached tens of billions of dollars, outpacing the figures recorded in 2025. This accelerating capital flight is primarily driven by mounting anxieties over asset confiscation, a rising wave of corporate nationalizations within Russia, and anticipated "voluntary contributions" expected from major businesses to the state budget. As a result, Russian high-net-worth individuals are increasingly redirecting their capital toward safe havens, predominantly targeting the United Arab Emirates, Turkey, and Saudi Arabia.