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TOPIC: russian emigration

Economy

Elite Exodus: Russians Escaping The War, And Its Consequences

Estimates are that more than 200,000 people have already crossed Russian borders since Vladimir Putin launched the invasion of Ukraine. It looks to be the start of a mass exodus of well-to-do and middle class Russians that could further decimate the economy.

ST. PETERSBURG — Lining up to board the 6:30 a.m. bus from St. Petersburg to Helsinki, all his future packed in a single suitcase, a young Russian explains why he’s chosen to leave his native land, using a brutal movie metaphor: “Someone in this country has put a contract out on my life.”

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The hitman in this plot is, of course, Vladimir Putin: Since the Russian President launched his invasion of Ukraine, a growing number of citizens back home have been grappling with the decision to stay or go.

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