It Is not enough that Mr. Putin is trying to put the ‘Genie back in the bottle’ by grabbing Crimea and possibly Ukraine, he is now trying to stop the tide of money leaving Russia for safer climes by imposing a penal tax on the exodus of wealth.
Frankly, the substantial fall in the Rouble against world currencies should dissuade enough Russian oligarchs from taking their money out of the jurisdiction; however, it appears this is not enough to stem the outflow. Continue reading