Putin's adviser acknowledged capital flight from Russia
Russian authorities are facing the problem of capital flight amid sanctions, tensions with the West, and economic instability.
This was stated by Anton Kobyakov, an adviser to the Russian president, following the Eastern Economic Forum. He acknowledged that the Russian government has not yet been able to create sufficiently attractive conditions for domestic investment.
According to Kobyakov, the situation is contradictory: Russia is embroiled in a sanctions standoff with the West, yet it has positive real interest rates in the economy, but capital continues to leave the country.
Putin’s adviser called for “competent” management of financial flows and investment resources, but effectively acknowledged that the Russian economy lacks a sufficient number of attractive instruments for their allocation.
At the same time, according to The Moscow Times, Russia’s wealthiest individuals began moving money abroad more actively in 2026. Cryptocurrency, overseas real estate, and private investment funds—particularly in the Gulf states—are cited as investment destinations.
One reason for this outflow is Russian billionaires’ fears of potential confiscations and further economic turmoil. A further factor has been the large-scale nationalization of businesses: since the start of the full-scale war in Russia, more than 800 companies have come under state control.
Source: The Moscow Times.
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