Spooked Russian billionaires are hurriedly moving their money out of the country as President Vladimir Putin’s problems mount.
Putin’s 26-year rule is wobbling, with the mega-wealthy oligarchs fearing that the state of the economy and the government’s finances could lead to them being hit where it hurts most: their own pockets.
They are worried that the state could seize their assets to bolster the country’s ailing finances, according to six wealthy Russians and others familiar with the thinking of several of the country’s billionaires who spoke to Bloomberg.
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