According to official individual cross-border transfer statistics published by the Russian Central Bank, in the 12 years between 2006 and 2017, $479 billion (or $519 billion, adjusted for inflation) were transferred from Russia to 257 foreign countries and territories. This figure amounts to 2.4% of Russia’s GDP during the same period.
Six countries − Switzerland, China, the United States, the United Kingdom, Germany and Latvia − account for half of the total amount transferred by individuals from Russia to the far abroad between 2006 and 2017.
Switzerland demonstrated the biggest growth in the volumes of transfers from Russia between 2006 and 2017. The total volume of transfers to Switzerland exceeds the figures to all other countries significantly.
Between 2009 and 2017, the total volume of expenses on cross-border real estate transactions among Russian residents was $13.4 billion (adjusted for inflation), or $1.5 billion per annum. It accounts for 4.8% of the volume of all transfers made by residents for all types of purposes and 3.2% of the total volume of transfers by Russian individuals during the same period.
It is worth noting that citizenship and golden visa schemes are running in these top countries
- United States – $500,000
- United Kingdom – £2 million
- Latvia – €275,000
- Switzerland – CHF 1 million
- Turkey – $1 million
- Cyprus – €2 million
- Spain – €500,000
Source: Tranio.com
