by Nomad
In a time when war-torn refugees coming to Europe and the UK are looked upon with skepticism, fear, and dread, there's been very little discussion of the economic migration of the wealthy class from Russia.
The Good Life and the Illusion of Safety
It's not what you'd call new news. In 2012, CNBC reportedWealthy Russians are moving to London is such large numbers that local commentators have coined the term “Londongrad.” Roman Abramovich, the Russian multi-billionaire who owns the Chelsea Football Club is the highest-profile rich Russian in Britain, but he is only one of ten Russian billionaires living there, while an estimated 1,000 Russian millionaires now call London home.The reasons for this exodus, according to attorneys and real-estate agents in London who deal with the Russian rich, is the attraction of the stability and the refined culture of London life.
But something else: the relative safety of not being poached by the mob or arrested by the police. As Reuters reported that same year.
Leaked secret diplomatic cables from the U.S. embassy in Moscow once described Russia as a "virtual mafia state", and London has long been the chosen destination for Russians seeking refuge from trouble at home.