Breaking News! Russian firms remove billions of dollars from western institutions Russian capital flight from west to east has begun. Let’s not forget that Russia has repeatedly expressed its dismay at Europe’s handling of the debt crisis in Cyprus which imposed heavy losses on uninsured depositors, many of them Russian, and with Crimea almost under total control, well your guess is as good as mine. Furthermore there are Chinese whispers among property developers that Kremlin will make Crimea the new TAX FREE play ground for Russia’s wealthy elite, after all it is in Putin’s interest to show the Western Ukrainians that they have picked a bankrupt inept European Union, rather than joining a dynamic custom union with Russia which has a strong focus on trading with India and China. Last year, Russia scored a spectacular success in attracting $94 billion worth of foreign direct investment according to a report compiled by the United Nations and released in mid-February. That was a massive increase of 83 percent over the previous year and put Russia third in the table behind China, which attracted $127 billion, and the U.S. But the success of Russia’s Direct Investment Fund, which attracted about $10 billion of fresh commitment in 2013, is also a vital factor, the fund is well-placed to repeat that success in the coming years. Capital flight is a catch-all description that combines normal trade and capital flows with individuals’ money being exported out of the country, which is estimated to be about one-quarter of total capital flight. As many of you are undoubtedly aware, Russians love the beautiful TAX FREE lifestyle that Dubai offers, and if perhaps Crimea was to offer the something a little similar, well your guess is as good as mine, Crimea could be, what Gibraltar is to the British. Just read the tweets below!!! Derek Brower Editor-at-Large, Petroleum Economist and Contributor, The Economist Plus South Stream deal MT @davidrieff: Russian companies withdraw billions from west - FT on.ft/OdaVET about 14 hours agoReplyRetweetFavorite Ed Crooks US Industry and Energy Editor, Financial Times RT @davidrieff: Russian companies withdraw billions from west, say Moscow bankers - FT on.ft/OdaVET via @FT about 14 hours agoReplyRetweetFavorite James Saft Financial Columnist, Reuters RT @patrickjenkins_: Russian companies withdraw billions from west, say Moscow bankers: on.ft/1d2upC4 #FT about 14 hours agoReplyRetweetFavorite Shawn Donnan World Trade Editor, Financial Times RT @jfarchy: Sberbank, VTB, Lukoil and others pull billions out of western banks as sanctions loom: ft/cms/s/0/ffea26… #Russia #Crimea … about 14 hours agoReplyRetweetFavorite Juha Saarinen Freelance Journalist and Contributor, Wired RT @MiriamElder: Russian companies are pulling billions out of western banks because of sanctions fears ft/cms/s/0/ffea26… about 15 hours agoReplyRetweetFavorite David Hazony Contributing Editor, Jewish Daily Forward #costs RT @MiriamElder: Russian companies are pulling billions out of western banks because of sanctions fears ft/cms/s/0/ffea26… about 15 hours agoReplyRetweetFavorite Miriam Elder Foreign Editor, BuzzFeed Russian companies are pulling billions out of western banks because of sanctions fears ft/cms/s/0/ffea26… about 15 hours agoReplyRetweetFavorite Beth Rigby Deputy Political Editor, Financial Times RT @brookeamasters: Great FT scoop Russian companies and banks withdraw billions from the West amid fears of asset freezes t.co/AV2w… about 15 hours agoReplyRetweetFavorite Jonathan Landay National Security Correspondent, McClatchy Newspapers RT @brookeamasters: Great FT scoop Russian companies and banks withdraw billions from the West amid fears of asset freezes t.co/AV2w… about 15 hours agoReplyRetweetFavorite Major Garrett CBS News Chief White House Correspondent and National Journal Columnist, CBS News RT @brookeamasters: Great FT scoop Russian companies and banks withdraw billions from the West amid fears of asset freezes t.co/AV2w… about 15 hours agoReplyRetweetFavorite Ben White Chief Economic Correspondent and Morning Money Columnist,Politico RT @brookeamasters: Great FT scoop Russian companies and banks withdraw billions from the West amid fears of asset freezes t.co/AV2w… about 15 hours agoReplyRetweetFavorite Brooke Masters Companies Editor, Financial Times Great FT scoop Russian companies and banks withdraw billions from the West amid fears of asset freezes on.ft/OdaVET about 16 hours agoReplyRetweetFavorite Daniel Schäfer Investment Banking Correspondent, Financial Times Russian companies and banks withdraw billions from the West amid fears of asset freezes on.ft/OdaVET about 16 hours agoReplyRetweetFavorite Bianna Golodryga Correspondent, ABC News Putin picks short-term economic muscle vs. a long-term weak ruble & isolation. RT Russian pull billions from west on.ft/1e0Jjwo” about 17 hours agoReplyRetweetFavorite Pierre Briançon European Editor, Breakingviews, Reuters It emerged on Friday that Russia’s top 10 billionaires lost a combined $6.6bn of their net worth in the past week on.ft/OdaVET about 17 hours agoReplyRetweetFavorite Anne-Sylvaine Chassany Private Equity Correspondent, Financial Times from @patrickjenkins, @danielschaefer & co: Russian companies withdraw billions from west, say Moscow bankers: on.ft/1d2upC4 #FT about 17 hours agoReplyRetweetFavorite Pierre Briançon European Editor, Breakingviews, Reuters Russian cos withdraw billions from west. Readissimo, by @PatrickJenkins_ @CourtneyMoscow @JFarchy & @SchaeferDaniel on.ft/OdaVET about 17 hours agoReplyRetweetFavorite Jack Farchy Correspondent, Financial Times RT @FT: Russians pull billions from west on.ft/1e0Jjwo about 17 hours agoReplyRetweetFavorite Wallace Kantai Business Editor, NTV Kenya Russian companies withdraw billions from west, say Moscow bankers:on.ft/1d2upC4 #FT about 17 hours agoReplyRetweetFavorite Tony Tassell Financial News Editor, Financial Times RT @nr_zero: Russians said to pull billions from west on.ft/1hjLfyU about 17 hours agoReplyRetweetFavorite Michael Bruning Assistant Features Editor, Financial Times RT @jfarchy: Sberbank, VTB, Lukoil and others pull billions out of western banks as sanctions loom: ft/cms/s/0/ffea26… #Russia #Crimea … about 17 hours agoReplyRetweetFavorite Jack Farchy Correspondent, Financial Times Sberbank, VTB, Lukoil and others pull billions out of western banks as sanctions loom: ft/cms/s/0/ffea26… #Russia #Crimea #Ukraine youtube/watch?v=A71wdsTqkfM
Posted on: Sat, 15 Mar 2014 22:36:12 +0000
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