Russia's Megarich Are Losing Billions in Putin's War

Russian President Vladimir Putin with Alisher Usmanov on Oct. 29, 2013, in Moscow Photograph by Alexei Nikolsky/Presidential Press Service via AP Photo

Vladimir Putin’s pursuit of war in the Ukraine has cost Russian billionaires dearly, a sinkhole that has deepened since the destruction of Malaysia Airlines Flight 17 in pro-Russian territory last week. Of the 20 Russians included in the Bloomberg Billionaires Index, 14 have lost money this year, led by Alisher Usmanov and Vladimir Lisin, each of whom is down $2.8 billion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.