Russia’s wealthy residents have begun withdrawing their money from European banks; They are returning it to the Russian Federation. The details, sent to analysts at Frank RG, are provided by RIA Novosti.
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According to experts, in 2023 in Russia, the number of clients with financial capital of 100 million rubles or more increased by 50% and the volume of their funds within the country exceeded 13 trillion rubles.
This is influenced by several factors, including the influx of new capital, changes in the stock market, currency revaluation and the situation of deposits.
It turned out that the countries in which rich Russian clients preferred to store their capital lost this category of investors. We are talking mainly about European countries. The proportion of Russians who previously held savings in the United Kingdom and the European Union fell by almost half: from 20 to 11 percent. In Switzerland, three times. There the figure decreased from 20 to 6%
It is also observed that these capitals are placed less and less in countries friendly to Russia. There are fewer in banks in Türkiye and the United Arab Emirates.
The only exception is Hong Kong, where the share of wealthy investors from Russia increased from 2 to 3%.
We previously wrote that in 2025 they plan to launch housing deposits in Russia. This tool will allow the residents of our country to save money to buy a home.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
