Russian oligarchs are shifting their wealth to Dubai, Vietnam and Thailand, according to the man dubbed “Putin’s architect”.
Lanfranco Cirillo, who has lived in Russia for more than two decades and claims to have designed buildings for 44 oligarchs, said super-wealthy Russians had shunned the West following the Ukraine invasion sanctions.
“Dubai is now nicknamed Dubai-grad,” he said, claiming Russian speakers now accounted for 10% of the population. They are investing in the Maldives and Thailand. “There is a big community in Vietnam investing in spas, five-star hotels,” he added.
