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Comment by marvin | Hacker News Reader

Would a smart and well-connected Russian keep their savings as a Ruble deposit in a russian bank? It’s too late now, but I’d like to imagine that some individuals kept their stock market savings with international broners.

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That's why a lot of sanctions go against oligarchs in a person. It is more discriminate and does not matter what kind of property they have.

For example, oligarchs Italian villas

https://www.icij.org/investigations/pandora-papers/uk-target...

The rationale is that you cannot do both support a dictator and plunder your own people, and then enjoy the benefits of European lifestyle without European rule of law based justice.

> rule of law based justice

What other kinds of justice are there? In Russia they do not have law based justice?

"(Rule of law)-based justice" not "rule of (law-based) justice"

I agree it's a tad hard to parse

https://en.m.wikipedia.org/wiki/Rule_of_law

They have Putin’s justice. Disagree with Putin and you go to jail.

Rule of law is the name of the principles that make sure everyone gets fair, just and equal treatment.

A businessperson probably not, but let's say, a software developer with a relatively good salary? Not sure if they would have any other options than Russian banks (or banks that would be affected by such a confiscation, even if they're not based in Russia)...

There's always an option to invest the money using foreign brokers like Interactive Brokers (they even have russian UI and support) who did not boot russians previously. Or buy a property and rent it, which is a popular option too. Or cash out the foreign currency and keep it under the mattress.

AFAIK, Interactive Brokers told all Russia-based accounts to move after sanctions were announced.

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