Russian oligarchs, companies lost $16 billion after new Trump sanctions

By Katelyn Caralle

Published April 10, 2018 1:23pm ET

Add Washington Examiner on Google

Russian oligarchs, companies lost $16 billion after new Trump sanctions — Vladimir Potanin, billionaire and owner of OAO GMK Norilsk Nickel, gestures as he speaks during an interview in London, U.K., on Monday, Nov. 20, 2017. PotaninÂ is within a hairÂs breadth of regaining his ranking as RussiaÂs richest tycoon this year. | (Jason Alden/Bloomberg)

Russian oligarchs lost $16 billion after President Trump imposed sanctions on Russian entities last week.

“I lost $250 million a day,” Oleg Tinkov, founder and chair of the board of directors at Tinkoff Bank, said during a business conference in Moscow Tuesday, according to NBC News. “But there have been worse days. I remember I lost a billion in a day. So, actually, it was a very positive day.”

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Russia Sanctions