Three Russian tycoons targeted by a new list of US sanctions may have lost a combined $7.5 billion since the list was announced, according to Reuters calculations based on price moves in the listed companies the three co-own. Of the seven oligarchs, three have links to publicly listed companies: Oleg Deripaska, Viktor Vekselberg and Suleiman Kerimov. In US dollar terms, Deripaska may have lost $4.56 billion in four trading days, Vekselberg could have lost $1.32 billion, and Kerimov appeared to have lost $1.58 billion, Reuters' calculations showed. STINGING SANCTIONSThe latest sanctions have increased overall risk-aversion towards Russian assets, while hitting the companies named on the list especially hard. Deripaska owns a 76.6% stake in EN+, while EN+ owns a 48% stake in Rusal.

Source: dna April 12, 2018 13:15 UTC