Russian oligarchs already lost 89 billion euros on sanctions against Russia, and Roman Abramovich is the biggest loser

The sharply diminished wealth of the richest oligarchs has everything to do with the harsh sanctions imposed on them by the West since Russia invaded Ukraine on February 24. Converted, those oligarchs have lost 308 million euros a day since the start of the war.

The biggest loser is Roman Abramovich, former owner of the London football club Chelsea. He saw more than half of his fortune, 57 percent, go up in smoke. He now owns 'only' 7.8 billion dollars.