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Putin invaded Ukraine on February 24/Via Getty[/caption]
Oil chairman Vagit Alekperov, who runs Moscow-based oil company Lukoil, lost a third of his wealth as his company's share price dropped by 32 per cent. He initially had a net worth of $19.2bn but that has now dropped to $13bn.
Russia's richest man Vladimir Potanin, not to be confused with their leader, lost a staggering $3bn after his company, Norilsk Nickel's stock dropped by 26 per cent.
[caption id="attachment_319502" align="alignnone" width="2048"]
Vladimir Potanin, not be confused with Vladimir Putin/Via Getty[/caption]
This comes as western powers push out sanctions against Russia. President Joe Biden doubled down on Thursday, releasing another load of sanctions. Prime Minister Boris Johnson also released the "largest set of sanctions ever" on Russia following their invasion.
Making a statement in the Commons on Thursday, the PM said that more than 100 businesses and individuals would be targeted, including "all the major manufacturers that support Putin's war machine."
Johnson said: "Putin will stand condemned in the eyes of the world and of history. He will never be able to cleanse the blood of Ukraine from his hands.
[caption id="attachment_319178" align="alignnone" width="1024"]
Johnson released the biggest ever sanctions package against Russia/Via Getty[/caption]
"Although the UK and our allies tried every avenue for diplomacy until the final hour, I am driven to conclude that Putin was always determined to attack his neighbour, no matter what we did."
He also branded Putin a "bloodstained aggressor, who believes in imperial conquest", which echoes President Biden's statement, which added: "Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences."
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