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Welcome to Capricorn Hotels, a unique collection of individual hotels in the heart of London.Each hotel has been recently refurbished to provide comfortable, convenient, yet inexpensive accommodation.The oligarchs were extremely unpopular with the Russian public and were accused of being behind the lawless economy.They were accused of stealing Russia’s natural resources for private gain.The Georgian/Russian conflict, combined with the 2008 USA elections and possible 2009 UK elections may tighten the main incentives -lax visa laws and tax loopholes.Therefore, we may see more Russians at play in London and less billionaires on Russia’s tout list.This extravagant spending may be their way to get a stamp of approval, but a few old high society Brit‘s are not biting.
London’s stock market has a very liberal regulatory framework.
In 2006, one of the most prestigious art dealers in London, Sotheby’s, reported Russian art sales of £78 million.
Wealthy Russians are much flashier and extravagant in their spending, compared to Britain's native elite.
But, the global economy has been so fragile that mitigating circumstances may excuse that argument.
One of the most famous Russian Londoners is, Roman Abramovich.