Lesson 12b - Ethnic Segregation

Question 1

What is a Russian Oligarch?

Answer 1

Russian businessman of significant wealth + influence

Question 2

When did the majority of Russian oligarchs emerge?

Answer 2

Collapse of Soviet Union
Migrated + protected wealth from crumbling economy

Question 3

Why may the oligarchs have elected to locate in London?

Answer 3

Key financial centre
Ability to hide wealth in assets
Leisure + entertainment
Private schools for kids
Less than 4 hours to Moscow

Question 4

In which parts of London has oligarch migration been the largest?

Answer 4

Belgravia
Kensington
Mayfair

Question 5

Which economic factors have accelerated the growth of London’s Russian population?

Answer 5

Flat tax rate of 13% in Russia - More income + spending
Russian banks not trustworthy
Rouble rapidly deteriorating

Question 6

Which significant global event has recently affected oligarchs within the UK?

Answer 6

Russia-Ukraine War
UK govt has imposed sanctions + frozen assets
Oligarchs with ties to Putin have suffered

Question 7

How does oligarch segregation fit the 6 degrees of separation model?

Answer 7

1. Soviet Union collapsed
   Oligarchs required wealth protection
   London offers assets + financial centre
   Oligarchs migrate into affluent boroughs
   Wealth stored in assets - Primarily property
2. Oligarchs dominate housing market + become
   segregated

Question 8

How many Russians was there estimated to be within London in 2014?

Answer 8

150,000