Dollar millionaires massively withdraw money from Russia

Wealthy Russians activated the withdrawal of their capital from the country, taking advantage of the message from the Central Bank of the Russian Federation. In July, the regulator removed restrictions on the transfer of currency abroad, increasing the monthly limit to a million dollars.

Russian media, citing brokers, write that since then rich customers have moved to stable currency purchases for this amount. Basically, money settles in Kazakhstan and the United Arab Emirates, as well as in Turkey, where Russians buy real estate. The funds are not delayed on broker accounts: to store dollars and euros in Russia is unprofitable due to high commissions.

In general, from February, Russians brought 1.019 trillion rubles from the country in currency, follows from the data of the Central Bank.