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All the Russian millionaires keep money in Europe

Все российские миллионеры держат деньги в Европе

Russian millionaires kept in foreign banks 69% of their funds, according to company Frank RG in his study “Private Banking in Russia 2018”.

According to researchers, the total amount of the financial assets of wealthy Russians is 455 billion dollars, of which 315 billion is abroad.

From January to August this year, only 5% of the capital Russian millionaires, according to Frank RG, returned to Russia. According to the Central Bank, during the same period, the outflow of capital from Russia amounted to $ 32 billion.

The study considered data of 30 thousand the Russians who have $ 1 million in cash and securities, not including business and real estate.

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