Oopsie...

If we thought CA or NY had money problems...

Russia has a money problem, and while it isn’t unusual — the Kremlin wants to spend more than it takes in — increasing wartime pressures have the country’s richest moving their riches out of the country.

Three hundred billion dollars worth of riches just in the first half of 2026, according to a report today from Bloomberg News.

“Several billionaires moved some additional assets out of Russia recently, amid concerns about the banking sector, according to some of the people and documents including corporate filings and property purchase records” that were seen and reviewed by Bloomberg.

Paywalled linked, so I’m not putting the link in, sorry.

Full article, HERE from PJ Media.

Interestingly, when the sanctions hit, a lot of the oligarchs ‘moved’ their money/companies/etc. back to Russia to ‘protect’ them.

Now, they are again moving offshore, as Russia is broke and Putin is going after any money he can find.

Another issue is the Ukrainians using drones to hit deep strikes into Russia, including the oil refineries and oil storage, creating a fuel crisis nationwide, and more importantly, to their mobilized forces in the Ukraine war.

This will only worsen as the year rolls on and it gets colder, when the farmers can’t get fuel to harvest their crops, or take the crops to processing facilities.

And the oligarchs are once again in the ‘sights’ of the US folks who are looking at arrests/confiscation of assets. The last round, they got $4B worth of yachts, HERE, in various countries, and that doesn’t include the homes, land, jewelry, and other items also confiscated...

This time, they’ll be looking in Turkey and the Maldives, as international pressure is being applied to both to turn over those Russian oligarch’s yachts that escaped the first round.

OBTW, now Russia can’t even sell the oil, because they can’t process it, and it’s not ‘good’ quality crude...