Russian billionaires’ fortunes fall

32 BILLION DOLLARS

THAT’S THE AMOUNT DOWN THE DRAIN AS THE RUSSIA-UKRAINE CONFLICT ESCALATES- AND THAT’S NOT COMING OUT OF OUR POCKETS – IT’S COMING FROM THE RUSSIAN ELITE –

BUT THAT’S APPARENTLY NOT ENOUGH. THE US AND UK NOW ANNOUNCING SOME OF TOUGHEST SANCTIONS ON RUSSIA EVER – AND THEY’RE MAKING IT PERSONAL

“Starting tomorrow and continuing into the days ahead – the laws will impose sanctions on the elites and their family members”

“Now the UK and our allies will begin to sanction russian individuals, and entities of strategic importance to the kremlin”

IN OTHER WORDS, IT’S A WAR AGAINST THE WEALTHY AND THE WEST IS HITTING PUTIN’S CRONIES WHERE IT HURTS. BUT WHY?

WELL RIGHT NOW, RUSSIA HAS 23 BILLIONAIRES WITH A COLLECTIVE NET WORTH OF ABOUT 343 BILLION DOLLARS.

MANY OF THEM CLOSELY CONNECTED TO PUTIN – AND DEEPLY TIED TO RUSSIA’S ECONOMY AND INFRASTRUCTURE 

LIKE THE ROTENBERGS WHO MADE THEIR FORTUNES THROUGH A GAS PIPELINE CONSTRUCTION FIRM.

AND LEONID MICKELSON – THE CEO OF NOVATEK – RUSSIA’S SECOND LARGEST GAS PRODUCER

THESE BILLIONAIRES ARE LOSING BILLIONS. AND DEPENDING ON WHAT RUSSIA DECIDES TO DO NEXT – IT COULD BE PUTIN WHO ENDS UP THE BIGGEST LOSER.