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> ...that guy who built the $300 million dollar custom yacht because... Because it is one of very few ways of moving the money out of the country. Having 300M
by huhtenberg 16y ago
> ...that guy who built the $300 million dollar custom yacht because...
Because it is one of very few ways of moving the money out of the country. Having 300M in Russia does not exactly compare to having 300M in a Swiss bank, and Russia has severe capital export restrictions. They were established by none other than Putin himself, so rest assured they are very well enforced. One can still hoard a huge pile of money, but it will stay in the country unless you manage to find a way to spend it abroad on yourself. Say, by building a yacht.
- dchest 16y agoUm, I'm pretty sure there are better ways to transfer 300M out of country without making everyone notice it.