Russian Billionaire Renounces Citizenship Ahead of Forbes Listing

Businessman Alexander Mashrabov, whose company is valued at over $5 billion, has applied to renounce Russian citizenship and obtained a Kazakhstani passport, according to Kazakhstan's AI and Digital Development Minister. The move, confirmed by his spokesperson, precedes his expected inclusion in Forbes' list of Russia's wealthiest. This signals continued capital and elite flight from Russia amid ongoing geopolitical pressures.

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