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Sanctions-hit Russian tycoons may have lost $7.5 billion

Reuters  |  MOSCOW/LONDON 

By Andrey Ostroukh, Polina Devitt and Ritvik CarvalhoMOSCOW/LONDON (Reuters) - Three Russian tycoons targeted by a new list of U.S. 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.The U.S. Treasury on April 6 announced sanctions on seven Russian oligarchs and 12 companies they own or control, saying they were profiting from a Russian state engaged in "malign activities" around the world.The news hit Russian markets, denting the rouble and sending shares in four ...

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First Published: Thu, April 12 2018. 18:53 IST