Russia's Megarich Are Losing Billions in Putin's War

Russia's Megarich Are Losing Billions in Putin's War

Russian Pres Vladimir Putin's pursuit of war in the Ukraine has cost Russian billionaires dearly, a sinkhole that has deepened since the destruction of Malaysia Airlines Flight 17 in pro-Russian territory last week. Of the 20 Russians included in the Bloomberg Billionaires Index, 14 have lost m...

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Bibliographic Details
Published in:Bloomberg businessweek (Online) p. 1
Main Author: Summers, Nick
Format: Magazine Article
Language:English
Published: New York Bloomberg Finance LP 21-07-2014
Subjects:
Geopolitics
Losses
Presidents
Putin, Vladimir
Sanctions
Securities markets
Wealth
United States > US
Ukraine
Russia
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Summary:Russian Pres Vladimir Putin's pursuit of war in the Ukraine has cost Russian billionaires dearly, a sinkhole that has deepened since the destruction of Malaysia Airlines Flight 17 in pro-Russian territory last week. Of the 20 Russians included in the Bloomberg Billionaires Index, 14 have lost money this year, led by Alisher Usmanov and Vladimir Lisin, each of whom is down $2.8 billion. American sanctions against Russian businesses have hobbled the country's stock market. The Micex Index has returned negative 5.5% this year, compared with a 9.8% gain for the Standard & Poor's 500-stock index, as measured in dollars.
Bibliography:ObjectType-News-1
content type line 24
SourceType-Magazines-1
ISSN:0007-7135
2162-657X