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Russia’s Richest 22 Billionaires Have Lost $39bn In One Day After The Invasion Of Ukraine

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Russia’s Richest 22 Billionaires Have Lost $39bn In One Day After The Invasion Of Ukraine
Vladimir Potanin, Russia’s richest man, lost $3 billion in one day on Thursday. He is now worth $26.1 billion.

Russia’s 22 richest individuals saw their net worths plunge by a collective $39 billion in less than 24 hours after their country invaded Ukraine, according to the Bloomberg Billionaires Index.

The wealth wipeout came after Moscow’s benchmark MOEX Russia Index crashed and closed 33% lower on Thursday.

The Russian billionaires lost more money on Thursday than they had lost year-to-date up until Wednesday, according to Bloomberg.

The biggest loser was Vagit Alekperov, chairman of Moscow-based oil company Lukoil, who saw his wealth fall by one-third in one day as the company’s share price plummeted 32% on Thursday. Alekperov now has a net worth of $13 billion, down from $19.2 billion, according to Bloomberg.

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Vladimir Potanin, Russia’s richest known man (no one knows for certain just how rich Russian President Vladimir Putin is), lost $3 billion after the share price of Norilsk Nickel, where he is the president, crashed 26%.

It could get worse for Russia’s richest individuals as Western sanctions intensify.

The US on Tuesday announced sanctions including measures against Russian oligarchs and their family members. On Thursday, President Joe Biden doubled down with another round of sanctions.

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On Tuesday, the UK also announced sanctions on five Russian banks and three individuals. Among the individuals sanctioned was oligarch Gennady Timchenko, who has close ties with Putin, according to Reuters.

Timchenko is the 11th-richest person in Russia with a net worth of $12.1 billion, according to Bloomberg.

Here’s a breakdown of Russia’s top ten richest people, their net worth, and how much they lost in one day on February 24, according to the Bloomberg Billionaires Index.

Name Net worth One-day change
Vladimir Potanin 26.1 -$3.0 billion
Alexey Mordashov 23.0 -$4.2 billion
Vladimir Lisin 22.4 -$3.9 billion
Leonid Mikhelson 22.2 -$3.8 billion
Alisher Usmanov 20.3 -$1.2 billion
Andrey Melnichenko 18.6 +0.1 billion
Viktor Vekselberg 17.2 -0.4 billion
Mikhail Prokhorov 13.6 -0.1 billion
Roman Abramovich 13.3 -1.8 billion
Vagit Alekperov 13.0 -6.2 billion

 

 

 

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Source: GhArticles.com

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Russia Cuts Off Gas Supplies To Bulgaria And Poland

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Russia Cuts Off Gas Supplies To Bulgaria And Poland

The Russian energy giant Gazprom says it has cut off all gas deliveries to both Bulgaria and Poland after both countries refused to start paying for the supplies in roubles.

Earlier, both Polish and Bulgarian energy providers said they had received official notices from the Russian gas supplier that deliveries were due to be cut.

Gazprom’s announcement comes after some confusion earlier this morning, when data showed gas supplies into Poland through Belarus temporarily reduced to zero before resuming.

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Bulgaria’s gas network had also said the country was still receiving Russian gas as of this morning.

We are yet to see any data of gas volumes into Poland or Bulgaria since Gazprom’s announcement just now.

 

 

 

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Source: GhArticles.com

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New Omicron Variant BA.2 Is Now The Leading Version Of COVID-19 And Considered “Highly Contagious”

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JUST IN: Ghana Records Two New Cases Of Omicron COVID-19 Variant

 

BA.2, the new Omicron variant that led to a surge of new COVID-19 cases in Europe, has now overtaken the U.S. as the most dominant version of the virus throughout the country. This latest data estimate is from a recent report from the Centers for Disease Control and Prevention, whose director Dr. Rochelle Walensky, predicted that BA.2 would quickly become dominate in the U.S

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The first case of the BA.2 was initially identified in the U.S. back in December. Meanwhile, scientists have been closely watching BA.2—which is now the third of the genetically distinct varieties of the Omicron variant of COVID-19.

The rapid growth of BA.2 is due partially to its eight gene mutations that spike protein on the virus’s surface, something that is not found in the previous strain, BA.1.

Although BA.2 is more transmissible than BA.1, as of now there are no signs that it causes more severe illness and it’s shown that vaccines continue to protect against the worst outcomes.

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Many U.S. health officials said that they expect cases to rise and are firmly blaming U.S. residents for not doing enough to prevent another potential surge of COVID-19.

 

 

 

 

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JUST IN: China Eastern Plane Carrying 133 People Crashes In Guangxi, Says State Media

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China Eastern Plane

A China Eastern plane carrying 133 people on board has crashed in Guangxi province, Chinese state media is reporting.

The number of casualties and reason for the crash are not yet known.

The crash of the Boeing 737 jet, in a mountainous region, led to a fire in the woods, state media is reporting.

Flight MU5735 was scheduled to leave Kunming at 13:15 local time (05:15 GMT) and was en route to Guangzhou.

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Flight tracking sites report the plane was in the air for just over an hour.

The plane went down near Teng county in Wuzhou province. Guangxi is a southern province neighbouring Guangzhou, a major city in the south-east.

Rescue crews have been deployed to the area, CCTV reported.

According to FlightRadar23 data, the last sourced information on the flight showed it ended at 14:22 local time, at an altitude of 3,225 ft.

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More soon…

 

 

 

 

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