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That increases the prospect of an ANC-DA coalition, especially as it is favoured by the private sector as the best option to guarantee economic stability and to avoid capital flight.

If the Legislature does not act swiftly, the state will see “a rapid exodus of skilled researchers from California universities and research institutions to pursue their critically important work elsewhere — not to mention capital flight by funders who’ll deploy research dollars outside the state.”

The military leadership was pushing for more preparations, like digging trenches and stockpiling weapons, but Zelensky’s team was more concerned about scaring the public and capital flight that would suffocate the Ukrainian economy, which led to weaker defenses.

"Capital flight can be quite indiscriminate," said Torbjorn Soltvedt, principal analyst for the Middle East and North Africa with Verisk Maplecroft.

The central bank, which delivered modest interest rate cuts and has pumped more cash into the economy in recent weeks, is constrained in how much it can ease monetary policy for fears of stoking capital flight and hurting the yuan, analysts said.