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Russian billionaires lost $12 billion over day, - mass media
20:37, 9 April 2018

Russian billionaires lost $12 billion over day, - mass media

Oleg Deripaska, Russian oligarch, lost the most. His wealth reduced by a quarter or by $1,3 billion due to the decline of security prices of Rusal and En+ Group

20:37, 9 April 2018

Open source

The overall wealth of 50 richest Russians decreased by around $12 billion after the stock market decline due to the sanctions imposed by the USA, as Russian Forbes reported.

“Russian dollar billionaires lost almost $12 billion over a day,” the message says.

It was noted that Oleg Deripaska, a Russian oligarch, lost the most. His wealth reduced by a quarter or by $1,3 billion due to the decline of security prices of Rusal and En+ Group. Forbes experts estimate Deripaska’s wealth at $4 billion on Monday, whereas it was $6,7 at the moment of the publication of the 2018 Forbes billionaires rating.

Earlier, it was reported that United Company Rusal, owned by Oleg Deripaska, who is under the USA sanctions, on the Hong Kong stock market posted a message that the company can announce a technical default. It was mentioned that the U.S. sanctions are highly likely to will have a negative impact on the business of the company and its development.

As we reported earlier, the USA imposed sanctions against nine Russian companies, and the question on sanctions against 12 companies was specified. Besides, 21 names were entered in the sanctions list, including Andrey Cherezov, Russia’s Deputy Energy Minister. Russians and Russian companies, which were involved in the Siemens turbine motors supply to Crimea.

Russia stated that it has a right to respond, the sanctions and restrictions will not give a result.

Later it was reported that ruble (Russian currency unit, - ed.) falls in price due to the sanctions imposed, and the foreign currencies are reaching their maximum.  

Related: Russia threatens US with "tough response" to introduction of sanctions

Related: Russian billionaire detained on suspicion of embezzlement

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