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15,000 millionaires trying to leave Russia – UK ministry

Motivation highly likely includes both personal opposition to the invasion and an intent to escape the financial impact of the sanctions imposed on Russia

A girl pets a dog close to a residential building partially destroyed as a result of shelling in town of Irpin, near the Ukrainian capital of Kyiv on June 16, 2022 (Photo by SERGEI CHUZAVKOV/AFP via Getty Images)

By: Pramod Thomas

DATA suggests thousands of millionaires are trying to leave Russia, and a continued exodus of its business and oligarch community will likely exacerbate the war’s long-term damage to its economy, Britain’s defence ministry said on Friday (17).

“Migration applications suggest that 15,000 Russian millionaires are likely already attempting to leave,” the ministry said.

On the war front, Russia is likely trying to regain momentum in attempts to surround the Sievierodonetsk pocket from the south, it said.

Ukrainian officials have said their troops were holding out against massive Russian bombardment in the eastern city, and described new progress in a counteroffensive in the south.

(Reuters)

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