Toxic "Rusal": Russian billionaires lost more than 12 billion dollars a day

The collapse of the quotes of "Rusal" was the main event of the day, however, sanctions were hit not only by the state of Oleg Deripaska - today many members of the Forbes list have become poor.
10.04.2018
Forbes
Origin source
The US authorities introduced new sanctions on April 6, expanding the list for 26 people and 15 companies. Investors reacted to this immediately and began selling off Russian assets, after which the ruble fell and the RTS index. In total, Russian dollar billionaires lost over $ 12 billion a day, according to Forbes.

Oleg Deripaska suffered from new sanctions stronger than others. Under the restrictions were his holding En +, US Rusal and six more related to Deripaska companies. In the morning of April 9, Rusal said that US sanctions put him in front of the threat of technical default. After that, the quotations of the aluminum producer on the Hong Kong Stock Exchange fell by more than 50%, while the state of Deripaska fell by $ 1.3 billion.

The same number was lost by his partner in Norilsk Nickel Vladimir Potanin - despite the fact that he is not on the sanctions list. Papers of Norilsk Nickel, in which Potanin owns 32.9% (Deripaska's share - 27.8%), collapsed in the morning by more than 16% and are now traded at 9,000 rubles apiece.

Victor Vekselberg, who together with his partners (through the company SUAL Partners), owns 26.5% of Rusal shares, closes the "anti-leader" three. Its losses amounted to almost $ 1 billion.

The richest man in Russia, Vladimir Lisin, did not enter the new sanctions list, but for today he lost about $ 540 million, the largest shareholder of Severstal Alexei Mordashov - about $ 530 million, co-owner of Novatek Leonid Mikhelson - about $ 800 million, and Senator Suleiman Kerimov - $ 840 million

The Russian authorities have already stated that companies that fall under US sanctions will receive support. "The government is doing everything necessary to minimize the consequences of the negative effect," Dmitry Peskov, the presidential press secretary, promised.

The most relevant database of organizations and companies in Ohio, USA: http://ohio.all-usa.org/. All that is necessary for business.

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