Invasion of Ukraine: Russian billionaires lost $ 39 billion on the first day of the war

Her richest people Russia they already felt the pressure of escalating tensions between the nation and Of Ukraine. It became much worse after the decision of the Russian president Vladimir Putin to invade Ukraine. In less than 24 hours, they lost $ 39 billion.

The damage, says a post Bloomberg, was in all categories of assets. The Russian benchmark, MOEX Russiaclosed 33% lower in Moscow – the fifth worst dive in the history of the stock market. It was the first time since the Black Monday crash of 1987 that such a fall had hit a market worth more than $ 50 billion.

One of the worst security crises in Europe by World War II threatens to deepen the market decline in the region, but especially in Russiawhich has been hit by sanctions from USAthe United Kingdom and European Union.

“There are a lot of people in the US and in Europe who want to hit them right away,” he told Russian billionaires in an online interview. Chris Millerco-director of the program Russia and Eurasia in Fletcher School of Tufts University. “I do not think there is good news in the sanctions for them,” he added.

The Russian president, however, addressed yesterday (24/2) to businessmen in the country and assured them that he would provide them with favorable conditions in their activities and called on them to work with the government to support the economy, the APE-MPE reported.

“What is happening is a coercive measure,” Putin said, adding that “they simply did not give us any opportunity to act differently.” He also said that they had created such security risks for Russia that it was impossible to react by other means.

At the same time he assured the businessmen that the Russia remains part of the world economy, and does not intend to strike a blow at anyone who feels they are part of the system. “We do not intend to hurt the system of the world economy in which we find ourselves,” he said. Putinadding that Russia’s partners in the West “must realize and not aim to get us out of this system.”

Source: News Beast

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