7.6 C
New York
March 22, 2023
Business europe news Roman Abramovich Russia Ukraine Vladimir Putin World news

Russian oligarchs lose $95bn in 2022 amid sanctions after Ukraine war

Roman Abramovich’s fortune fell by 57% to $7.8bn, as the UK government froze more than £18bn of assets belonging to Russians

The richest Russian oligarchs have lost almost $95bn this year amid strict sanctions imposed by western nations over the Ukraine war – shedding $330m a day since the Kremlin launched its invasion.

Roman Abramovich, the former Chelsea FC owner, was the biggest loser, with his fortune falling by 57% to $7.8bn this year, according to the Bloomberg billionaires index.

Continue reading…

Related posts

France braced for huge disruption as transport workers start rolling strikes


‘A sacrificed generation’: psychological scars of Covid on young may have lasting impact


Climate activists vow to take to streets to stop fossil fuel extraction