Russian Economy at a Glance
Russia’s banking system is worth over 1.5 trillion (U.S. Funds) in assets versus the United States Banking system at roughly 14 trillion. And now that the local Russian state banks are hiring better qualified employees from overseas, their lending standards have tightened up considerably! Therefore, offshore investing becomes the main vehicle for asset protection and luxury real estate investing. Russian Billionaires are creating companies in the Virgin Islands because of its legal system which is steered by British Law. In fact, the top 20 richest people in Russia have a combined net worth of over $200 Billion while positioning their fortune through companies outside their own country.
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Russian Social Media
Yandex is the United States version of Google. Yandex is the largest search engine in Russia with  over 60% market share. Yandex has also ranked as the 4th largest search engine worldwide with over 150 million searches daily combined with 50 million visitors. The purpose of the company is to provide answers to consumer questions via the Russian Internet. The Yandex Homepage has been voted as the most popular website in Russia and also operates in Belarus, Kazakhstan, Ukraine and Turkey.
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Russian Tabloid
Founded in 1992, The Moscow Times is a free daily published newspaper in Moscow that’s written in English. Although, not available at newsstands it has become the main circulation for both Russian Readers and Abroad. The paper was initially owned by a Moscow Publishing House which also produced publications equivalent to Men’s Health and Cosmopolitan. After 2005, they were acquired by Finland based, Sonoma Publishing. Articles are often written by prominent Russian journalists who are stating that the Russian interest in United States Luxury Real Estate has spiked considerably over the past few years.
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