If we thought CA or NY had money problems…
Russia has a money problem, and while it isn’t unusual — the Kremlin wants to spend more than it takes in — increasing wartime pressures have the country’s richest moving their riches out of the country.
Three hundred billion dollars worth of riches just in the first half of 2026, according to a report today from Bloomberg News.
“Several billionaires moved some additional assets out of Russia recently, amid concerns about the banking sector, according to some of the people and documents including corporate filings and property purchase records” that were seen and reviewed by Bloomberg.
Paywalled linked, so I’m not putting the link in, sorry.
Full article, HERE from PJ Media.
Interestingly, when the sanctions hit, a lot of the oligarchs ‘moved’ their money/companies/etc. back to Russia to ‘protect’ them.
Now, they are again moving offshore, as Russia is broke and Putin is going after any money he can find.
Another issue is the Ukrainians using drones to hit deep strikes into Russia, including the oil refineries and oil storage, creating a fuel crisis nationwide, and more importantly, to their mobilized forces in the Ukraine war.
This will only worsen as the year rolls on and it gets colder, when the farmers can’t get fuel to harvest their crops, or take the crops to processing facilities.
And the oligarchs are once again in the ‘sights’ of the US folks who are looking at arrests/confiscation of assets. The last round, they got $4B worth of yachts, HERE, in various countries, and that doesn’t include the homes, land, jewelry, and other items also confiscated…
This time, they’ll be looking in Turkey and the Maldives, as international pressure is being applied to both to turn over those Russian oligarch’s yachts that escaped the first round.
OBTW, now Russia can’t even sell the oil, because they can’t process it, and it’s not ‘good’ quality crude…
I have seen Marco Rubio handle the press, like a Pro. As am I Interdependent and I strongly believe he would be the most qualified for the job, when Donald Trump is finished, in 2028. .
Given how Putin’s “friends and allies” are willing to abandon him (and the country he runs) as soon as he really needs/wants them and their resources, I can almost understand why he acts so paranoid and assumes that everyone is out to get him and Russia (since he is Russia and vice versa in his view of things).
I wonder how many of the oligarchs see Russia as a resource and perhaps a cultural pattern, but nothing more. They act truly “cosmopolitan,” residents of the world and not citizens of Russia.
A pox on all of them.
Nat- Maybe…
TXRed- Good point! They DO see it as a money maker, at least for them!
Um,
The US also spends more than it takes in.
Eyrie- I know…dammit…
Ukraine this, Ukraine that, most likely Ukraine wouldn’t have the ability if it weren’t the many nations pumping Billions into UKR. Plus the ordnance and materiàl.
Just checked my Give-a-shit O’meter….zero. Whatever problems Russia is dealing with are self inflicted. Putin and his sycophants thought they could invade Ukraine without consequence…they were wrong. And while Ukraine IS a corrupt nation that did NOT give Putin justification for starting this meat grinder conflict.
Dan,
If you go back and look at what Russia was pointing out before they crossed the border, you WILL see what caused the whole problem. Ukraine was shelling their own border area that held mostly Russian origin people, and did this for about 8 years, before Russia gave up on talking about it and decided to cross the border to assist those people. That’s it in a nutshell. It all went downhill from there…