Why It’s Hard To Be A Russian Millionaire In Europe

An unimposing brick building sits at 8-12 Welbeck Way in a narrow alley near Oxford Street. The Oracle Capital Group’s London headquarters is hardly impressive, boasting neither glittering glass facades nor golden door handles or any other bling. Whoever comes here does not want to attract any attention. On the contrary: The clients are looking for discretion.

These are the superrich, people who have so much money that their biggest worry in life is making sure that it’s being kept safe. Which is exactly what a wealth consultancy like Oracle normally likes to see — in fact, as recent as 18 months ago, it would roll out the red carpet for them. But this group of rich have one distasteful disadvantage: They’re Russians. And it’s the wrong time to be a Russian oligarch abroad.

Is it all an unnecessary hullabaloo? “It’s a paradox situation: Many people want to come to London, but they are no longer welcome,” Oracle’s Graham says. Guess the Brits don’t wanna see Russia from their houses.

The Huffington Post