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| Economy |
| Biden and EU use 'financial nuclear option' and REMOVES Russian banks from SWIFT network: Task force will target oligarchs and their 'yachts, luxury apartments and ability to send their kids to fancy colleges in the West' |
| 2022-02-27 |
| Posted by:Skidmark |
| #5 Russia’s richest lost billions in Ukraine invasion Russian billionaires lost a combined $39 billion in on-paper net worth after the country’s stock market cratered in response to the invasion. Moscow’s benchmark MOEX Russia Index closed 33% lower on Thursday — marking one of the worst single-day market crashes in the country’s history. Vagit Alekperov, the billionaire oligarch and chairman of Russian energy giant Lukoil, was hit hardest. He lost nearly a third of his on-paper fortune when his net worth declined more than $6 billion during Russia’s economic turmoil, according to the Bloomberg Billionaires Index. Vladimir Potanin, Russia’s richest individual and a close associate of Putin, lost an estimated $3 billion during the rout. Alexey Mordashov, chairman of the Russian steel firm Severstal, lost more than $4 billion. Gennady Timchenko, who was targeted with individual sanctions during recent US and European economic actions against Russia, lost $3.7 billion. |
| Posted by: Frank G 2022-02-27 09:59 |
| #4 S&P cuts Russia's rating to junk, Moody's issues junk warning S&P lowered Russia's long-term foreign currency credit rating to 'BB+' from 'BBB-', and warned it could lower ratings further |
| Posted by: Frank G 2022-02-27 09:46 |
| #3 NOTE: Some Gray hat world rumblings say USSR Cyber types planning attacks on Top US/EU banks, Industries, and stock markets. Once certain names/groups shift their $$$$/assets around. |
| Posted by: NN2N1 2022-02-27 07:52 |
| #2 Some banks. Not All. More "tickle them to death" thinking. |
| Posted by: Mercutio 2022-02-27 05:15 |
| #1 Biden desperately trying to be remembered for something worse than Afghanistan. |
| Posted by: Cthulhu of Ryleh 2022-02-27 04:54 |