War With Ukraine / Russia's billionaires suffered a loss of three lakh crore rupees in one day, know the effect of sanctions

The war between Russia and Ukraine continues. While this struggle is taking a toll on the common people, it is also causing heavy losses to the rich. The biggest impact of this war is on Russian billionaires. Yes, according to a report, as soon as the President announced military action in Ukraine, after which many countries including America started imposing sanctions against Russia. Due to this, the stock market fell heavily and Russian billionaires suffered a loss of $ 39 billion (about Rs 3 lakh crore) in a single day.

The fifth major fall in market history

This huge loss within 24 hours shook the richest people of the country. Along with this, there was a fear in them that if this war goes on for a long time, they may have to bear more losses. Let us tell you that the fall in the Russian stock market on Thursday during the attack was the fifth biggest fall in the history of the stock market. Russia's benchmark MoX index closed down up to 33 per cent.

Worst day since Black Monday of 1987

The Russian currency ruble hit its all-time low as the stock market crashed. Significantly, this fall in the history of the stock market was the biggest since the Black Monday crash of 1987. Investors lost more than $50 billion on Black Monday. It was said in this report that this big fall in the stock market of Russia is one of the worst days in the country's stock index history.

Most affected after World War II

The stock market has been badly affected due to the worst period going on in Europe since the Second World War. Due to the dispute with Ukraine, Russia is facing economic sanctions from many big countries including America. Because of this, the billionaires of Russia are facing a lot of loss. Its effect is directly visible. Another report in the past said that due to the Russia-Ukraine dispute, the wealth of the country's top 23 billionaires has decreased by $ 32 billion.

Big blow to these Russian billionaires

According to the report, Lukoil President Vagit Aleperov suffered the biggest loss in a day, his net worth fell by almost a third in a day. Which decreased by about $6.2 billion. Shares of the Moscow-based oil producer had fallen as much as 33 per cent on Thursday. After this, Alexey Mordashov, chairman of steelmaker Severstal, lost $4.2 billion on Thursday, leaving his wealth at $23 billion. After this, Vladimir Potanin, the president of Norilsk Nickel and currently Russia's biggest rich, has lost $3 billion.