World Trump sanctions cost Russian tycoons up to $16 billion in one day

13:46  10 april  2018
13:46  10 april  2018 Source:   NBC News

Banks That Deal With Sanctions-Hit Russians to Face Ire of U.S.

  Banks That Deal With Sanctions-Hit Russians to Face Ire of U.S. British banks that deal with the Russian oligarchs and companies on a new American sanctions list will face “consequences,” according to a senior U.S. Treasury official. “We’re focused on countering the full range of Russian malign activity,” Sigal Mandelker, the Treasury’s under-secretary in charge of economic sanctions, said at a roundtable discussion at the U.S. embassy in London on Tuesday.

Russia 's 20 richest citizens lost billion in the first half of this week as the ruble currency and Russian stocks plummeted, Bloomberg reported Wednesday, citing its Billionaires Index. According to the news agency, the 20 billionaires' wealth has fallen by billion this year as Western sanctions

Washington imposed sanctions on seven Russian oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials because, it said, they were profiting from a Russian state The Russian state telecoms watchdog blocked Navalny’s website. Trump Campaign Manager.

Image: Vladimir Putin in Moscow on Monday as sanctions took hold.Russian President Vladimir Putin © Provided by NBCU News Group, a division of NBCUniversal Media LLC Image: Vladimir Putin in Moscow on Monday as sanctions took hold.Russian President Vladimir Putin

LONDON — 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.

Russia: Our response to U.S. sanctions will be precise and painful

  Russia: Our response to U.S. sanctions will be precise and painful The speaker of the Russian upper house of parliament said Moscow's response will be targeted and painful, Russian news agencies reported. The United States this month added several Russian firms and officials to a sanctions blacklist in response to what it said were the Kremlin's "malign activities." Moscow says those sanctions are unlawful and has warned that it will retaliate."No one should be under any illusions," Matvienko, who is closely aligned with the Kremlin, was quoted as saying by the Interfax news agency.

WASHINGTON – The Trump administration imposed new economic sanctions on Russian politicians, tycoons and businesses Friday in its most aggressive response to Moscow’s Other people whose names have surfaced in connection with the Russia investigation also ended up on the Treasury’s list.

U.S. Issues New Sanctions Against Russian Officials, Tycoons And Companies | NBC Nightly News. The Trump administration issued tough new tycoons against those close to Russian President Vladimir Putin, freezing their assets, banning travel to the U.S. and prohibiting Up Next.

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.

Bloomberg reported that all but one of the 27 Russian tycoons on its Bloomberg Billionaires Index lost money on Monday. The biggest loser, it said, was nickel miner Vladimir Potanin, whose wealth fell by $2.25 billion.

In total, the net worth of Russia's wealthiest people fell by $16 billion, according to Bloomberg. Forbes Russia said the value of tycoons on its own index fell by $12 billion.

Shares in Sberbank, one of Russia's biggest banks and a barometer of its economic health, fell 17.3 percent.

However, some Russian business leaders remained upbeat. "I lost $250 million in one day," Oleg Tinkov, founder and chair of the board of directors of Tinkoff Bank, told a business conference in Moscow on Tuesday. "But there have been worse days when I've lost $1 billion in a day. So, actually, it was a very positive day."

U.S. Told Russian Embassy No New Sanctions Due Soon, Russia Says

  U.S. Told Russian Embassy No New Sanctions Due Soon, Russia Says The Trump administration notified Russia’s U.S. embassy in Washington Sunday that it has no plans to impose any further sanctions soon, according to a Foreign Ministry official. Conflicting signals from Washington over its plans have sent markets gyrating in recent days. When official Russian news agencies reported the U.S. notification Wednesday, the ruble flipped from being the worst performing emerging-market currency to the best in the first hour of trading in Moscow.

U.S. President Donald Trump 's administration earlier notified Congress that it will not impose new sanctions on Russia at The tycoons named include Roman Abramovich, Alisher Usmanov, U.S Malala Completes Emotional Four- Day Visit To Pakistan. 7. Russian Postal Delivery Drone Makes

In 2015, Russia estimated that Western sanctions cost its economy more than 0 billion — by this point, it’s likely to have cost many billions more. The question is what costs Trump is willing to incur to make the pro- Russian turn — if any at all.

Putin's spokesman Dmitry Peskov said the Kremlin would back efforts to mitigate the effect of the sanctions package, which he called "egregious in its lawlessness."

"Time is needed for analysis to understand the size of the real damage and to work out steps to correct the situation, for the maximum possible correction," he said Monday.

Prime Minister Dmitry Medvedev ordered officials to draw up measures to support sanctioned companies in the energy, metals and arms sectors, Russian news agencies reported.

Even those companies not under sanctions took a financial hit. Reuters reported that steel miner Evraz was the biggest faller on London's FTSE 100 on Monday, down 8 percent.

Senior U.S. administration officials said that the sanctions were not aimed to punish Moscow for any particular event, but are instead a broader measure aimed at the "totality of the Russian government's ongoing and increasingly malign activities in the world."

However, some experts have warned that trying to squeeze oligarchs is unlikely to bring about a significant change in Putin's policies.

Alastair Jamieson reported from London, and Elena Holodny reported from Moscow.

Trump decided to abandon plans for more Russia sanctions .
President Donald Trump personally made the decision to abandon plans to impose more sanctions on Russia for supporting Syria's chemical weapons attack on civilians, according to three senior administration officials and a source familiar with the discussions. The first senior administration source said the Trump administration informed the Russian government there won't be an additional round of sanctions. The official said the call was made to the Russian Embassy on Sunday.

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