Russia’s richest have lost $83B this year as Ukraine war sanctions slam economy

Russia’s unprovoked invasion of Ukraine is taking a worsening toll on the wealth of the country’s richest oligarchs as international sanctions crush the Russian economy.

Russian billionaires have lost a combined $83 billion in on-paper wealth this year – with most of the losses occurring in the days since the Kremlin ordered military against Ukraine. Their losses have more than doubled since the invasion began last week.