As the saying goes, feng shui takes turns, and the Russian tycoons who have previously "run" abroad to the West to avoid domestic taxation have found that the United States and Europe are simply opening their mouths to their wealth, and they will never be fed, and they will either be frozen or directly confiscated, which is far more than the loss of a few tax points higher in China. The Russian tycoons can't sit still now, if they had known that going abroad to avoid taxation and going to the West to enjoy this "democratic freedom" and "contract spirit", then they would not have come out. For the Russian tycoons, the looting operations in Europe and the United States will only intensify, because the conflict between Russia and Ukraine is still severe, and the war is becoming more and more unfavorable to Ukraine. In order to keep their wealth, they now have to think about the second transfer of wealth as soon as possible.
Recently, according to Bloomberg, the Russian tycoons who had previously transferred their assets to the West due to European and American sanctions against Russia are now afraid of being "raided" by the West, and are busy transferring their assets to the second time, and the destination of the second transfer can only be to return to China, or the United Arab Emirates, a country friendly to Russia.
On the one hand, the most direct reason why the Russian tycoons have chosen to return to China is the fear of the West looting their property. After the outbreak of the conflict between Russia and Ukraine, the Russian government took necessary measures in the environment of Western sanctions, concentrating and mobilizing resources within a certain range of the country to deal with the conflict. But what I didn't expect is that with the prolongation of the conflict and the intensification of Western sanctions against Russia, the United States and Europe can threaten to freeze and use the assets of the Russian state in overseas banks to aid Ukraine. If you want to confiscate it, you can confiscate it, and if you want to "confiscate your home", you can "confiscate your home" if you want to, and if you want to "confiscate your home", you can easily enjoy wealth forever in the West, I am afraid that you think too much.
Now the Russian tycoons finally feel the horror of the United States and Europe. The United States has a "list of specially designated nationals" called SDN, and the assets of individuals and entities on this list will be frozen, and all financial institutions in the world will not be allowed to conduct transactions. In addition, after the start of the Russia-Ukraine conflict, the United States sanctioned dozens of Russian billionaires, not only freezing their assets, but also putting them on the SDN list, the West wants to use this method to coerce and intimidate Russian billionaires, cut off the source of funding for Russia's military operations, and even incite these billionaires to oppose Putin. In fact, Putin has previously severely criticized the wealthy Russians who transferred their assets and wealth overseas before and after the outbreak of the conflict, and also called on them to transfer assets and enterprises to the jurisdiction of the state.
On the other hand, Western sanctions have also made it impossible for the Russian rich to smoothly transfer their wealth to their descendants, and if they are forced to pass it on, it will inevitably lead to complex legal disputes and property disputes. The average age of the 26 Russian billionaires on the Bloomberg billionaire list, whose total assets are about $350 billion, has reached 63 years old, and it is time to consider passing on their wealth to the next generation. There is no inheritance tax in Russia, and there is also a fund inheritance system, which also greatly attracts wealthy Russians in the West.
The Russian tycoons wanted to avoid the Russian government's taxation and the risks of being affected by the conflict, but in the West, it was even more insecure and insecure, and even their own property had been effectively damaged. For example, Igor Makarov, a 61-year-old Russian billionaire who made his fortune in the energy business, has frozen about 90% of his assets in Canada, the United Kingdom, Australia and New Zealand. Abramovich, a Russian-born oligarch who is the owner of Chelsea FC and has dual Portuguese and Israeli citizenship, quickly handed over the management of the club after the outbreak of the Russia-Ukraine conflict, fearing that he would be implicated, but the British government still froze his assets in the UK.
It can be seen that the so-called "democratic freedom" and "sanctity of private property" in the West are just a big lie, and the West's sanctions against Russia have well pierced the "law of property rights" and "contract spirit" that some people regard as a guideline. As long as it can attack and weaken Russia, the United States and Europe will not hesitate to carry it out, no matter how much you rich people are interested in the West, your property is just a resource that is stored in the pockets of Western countries and can be seized and used against Russia at any time. In other words, as soon as you leave the country, your property is not yours, and the lie that "Switzerland is always neutral" and the myth that Western banks "protect the secrets of depositors", the West has completely pulled off the mask of its hypocritical packaging.
At the same time, this also enlightens us that the so-called "non-our race will have different hearts", we must believe in our own country and compatriots, and we cannot casually entrust the fate of individuals and even countries to other countries, just as the so-called "fertile water does not flow into the fields of outsiders", in the final analysis, the wealth in the hands of the Russian rich is also the Russian people who have worked together, and it is better to spend on domestic infrastructure and people's livelihood than on overseas infrastructure and people's livelihood that can be confiscated at any time. Putin has also warned them that although some of these people have received the title of "count, nobleman and mayor", they will still be "second-class citizens". You are an entrepreneur and a billionaire, but you are also Russian, your homeland will always be Russian, and people can freeze and confiscate your billions of assets with an excuse, regardless of whether you have Portuguese or Israeli nationality.