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

Posted on AllSides March 1st, 2022
From The Right
Alexander Hassenstein - UEFA

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.

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