Yes, it is IMO frequently used; although there are some signals worth of concern – see here
Dubai's largest bank ENBD has started blocking investment accounts of Russians.
Serbia is really the Russians-friendly country, nevertheless there is a remarkable tension between Serbia and EU re:this, so the future can be questionable.
LatAm is perhaps geographically at a really long distance, nevertheless in the most (if not all) cases they do not make any troubles to Russians. Especially some countries, like Paraguay, are IMO quite attractive.
@Kimi, do you claim that the inflow of Russians into Cyprus is not weaking but on the contrary? Really interesting... (Cyprus joined the EU sanctions policy against Russia, or perhaps not?)