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Russian tycoons now $8.3-billion richer as stock trading resumes

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine

An employee counts Russian ruble banknotes at an office in Krasnoyarsk, Russia. Photo: Reuters
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An employee counts Russian ruble banknotes at an office in Krasnoyarsk, Russia. Photo: Reuters

Bloomberg
After almost one month of suspension, shares in Moscow climbed, with the benchmark MOEX Russia Index rising as much as 12 per cent. While only 33 stocks resumed trading, Russians with fortunes linked to them added $8.3 billion combined, according to the Bloomberg Billionaires Index tracking the wealthiest 500 people in the world. 

Scores of Russian billionaires got sanctioned by the EU and the UK after the Kremlin started its war against Ukraine. But for the 10 tycoons whose shares resumed trading, the advances were adding to their paper gains. Vladimir Potanin, Leonid Mikhelson and Gennady Timchenko each grew their fortunes

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First Published: Mar 25 2022 | 2:08 AM IST

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