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Russian Billionaires Move $250 B Abroad, Embrace Crypto, Gold

7/17/2026

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Summary

Story summary

Russian billionaires are moving billions out of Russia amid seizure fears.
The central bank reported roughly $250 billion left Russia in the war’s first year.
Bloomberg estimates tens of billions left in 2026 as Russians shift to crypto, gold and real estate.
After a March 2026 meeting with billionaire Suleiman Kerimov, some tycoons moved funds to the UAE, Cyprus and other Gulf destinations due to rising pressure.

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Story summary

Russian billionaires are moving billions out of Russia amid seizure fears.
The central bank reported roughly $250 billion left Russia in the war’s first year.
Bloomberg estimates tens of billions left in 2026 as Russians shift to crypto, gold and real estate.
After a March 2026 meeting with billionaire Suleiman Kerimov, some tycoons moved funds to the UAE, Cyprus and other Gulf destinations due to rising pressure.