Matthew valencie is deputy business affairs editor at the economist. The primary motivation here for all these people bringing russian money in was tax break? Well, there are lots of reasons why they like london. One is britain's economy, which is relatively open to foreign investment. Britain also has the city of london, a huge financial district with relatively light touch regulation. It crucially provides a huge pool of capital where it's relatively easy foreign money of all shades to blend in. On top of all that, london has lots and lots of really nice luxury property. That's an ideal sort of asset to park large amounts of money that needs to be laundered.
Britain’s capital is packed with foreign capital, in particular the Russian kind. We ask what it is about London that attracts—and protects—the oligarchs. We check in again with Lusya Shtein of the anti-Putin punk-rock group Pussy Riot about her daring escape from Russia. And amid celebrations of Queen Elizabeth II’s 70-year tenure, we reflect on royal jubilees through history.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer