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Trump sanctions cost Russian tycoons up to $16 billion in one day
msn.com ^ | April 10, 2018 | Jamieson and Holodny and Reuters and AP

Posted on 04/10/2018 7:45:37 AM PDT by Berlin_Freeper

It was a black Monday for Russian oligarchs as up to $16 billion was wiped off the value of the country's wealthiest tycoons' holdings in the wake of U.S.-imposed sanctions.

The ruble fell to its lowest level against the dollar since late 2016, while shares in sanctioned aluminum producer Rusal, which is controlled by the billionaire Oleg Deripaska, plunged more than 50 percent on the Hong Kong stock exchange.

As Russian stocks tumbled, the Kremlin reportedly said it would step in to support affected companies.

The latest sanctions were announced by President Donald Trump on Friday. They target leading figures close to President Vladimir Putin in an aggressive response to alleged Russian meddling in the 2016 U.S. election.

(Excerpt) Read more at msn.com ...


TOPICS: Foreign Affairs; Russia
KEYWORDS: 201804; aluminum; deripaska; mccain; olegderipaska; rusal; russia; russianoligarch; tariffs

1 posted on 04/10/2018 7:45:37 AM PDT by Berlin_Freeper
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To: Berlin_Freeper

Hmmm. If I were a “Russian Tycoon”, and I started losing $16B/day, I’d explore funding a “leadership change”.


2 posted on 04/10/2018 8:01:36 AM PDT by Darteaus94025 (Can't have a Liberal without a Lie)
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To: Berlin_Freeper

Countries execute coups in other countries, and start wars, over stuff like this. I think the tariffs are a good thing for us, but the globalists and the Russian mob DO NOT like it, and they are willing to kill millions to protect their billions.


3 posted on 04/10/2018 8:13:25 AM PDT by backwoods-engineer (Enjoy the decline of the American empire.)
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To: Berlin_Freeper

Maybe Mueller can subpoena the Russian Billionaires - they should be mad enough to say some bad stuff about Trump...


4 posted on 04/10/2018 9:17:14 AM PDT by trebb (I stopped picking on the mentally ill hypocrites who pose as conservatives...mostly ;-})
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To: Berlin_Freeper

Good, although I suspect blood will flow over this. Now, if only we could somehow bring the fake media, libs, dems and RINOs to their knees, loosing billions each and every day


5 posted on 04/10/2018 12:44:53 PM PDT by Gator113 ( ~~Trump 2020~~)
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