GLOBALISATION: elite migration of Russian oligarchs to London

Question 1

how has this increased the interdependence between regions?

Answer 1

This migration allows Russian elite access to global financial markets and in return the UK benefits from their investment

The combined total of bonds and loans raised by Russian businesses in London between 2004 and 2013 was over £250 billion; UK banks charge fees up to 3% of the amount borrowed

for example Roman Abramovich bought Chelsea Football Club in 2003

Russians account for 1/3 foreign property purchases in London 2004-2012

Russians have invested in a number of landmark properties in London