The new address of Russian billionaires is Dubai

Dubai has emerged as a haven for wealthy Russians fleeing Western sanctions over the war in Ukraine.

The BBC reports that, Russian billionaires and entrepreneurs come to the United Arab Emirates (UAE) en masse.

Report according toIn the first three months of 2022, property purchases by Russians in Dubai increased by 67%.

UAE to Russia snowdid not impose sanctions and did not criticize his intervention in Ukraine.

The UAE also easily issues visas to non-sanctioned Russians, unlike many Western countries.

Although there are no exact figures, it is estimated that hundreds of thousands of people have fled Russia in the past two months.