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Chelsea owner Roman Abramovich’s fortune drops by £650million in a day due to tensions between Russia & Ukraine

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CHELSEA owner Roman Abramovich’s fortune has dropped by about £650million in just one day due to mounting tensions between Russia and Ukraine.

The multi-billionaire Russian tycoon, 55, has seen the value of his 28.6 per cent stake in steel group Evraz, fall sharply.

Roman Abramovich’s fortune has dropped by about £650million in just one day due to mounting tensions between Russia and Ukraine

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Roman Abramovich’s fortune has dropped by about £650million in just one day due to mounting tensions between Russia and UkraineCredit: AP:Associated Press

Investors fear sanctions will be imposed on Russian companies.

Shares in Evraz, which is listed on the London Stock Exchange, were down 129½p, or 29 per cent, at 315¼p.

Danni Hewson, a financial analyst at investment platform AJ Bell, said: “The new trading week has begun on a bad note across Europe and Asia.

“Investors fear the alarm clock is about to sound on a physical battle between Russia and Ukraine.”

 

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About Charles Igbinidu

Charles Igbinidu is a Public Relations practitioner in Lagos, Nigeria

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