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The list of "oligarchs" submitted as part of one of the five reports delivered to Congress on 29 January 2018 included 96 names. [5] [2] [6]According to the document itself, its criterion for inclusion as an "oligarch" was simply being a Russian with a net worth of over $1 billion. [2]
The stock market rebounded thereafter and ended the year flat. [25] [26] [27] 2015–16 Chinese stock market crash: 12 Jun 2015 China: The Chinese stock market crashed in June and continued falling in July and August. In January 2016, the market also experienced a steep sell-off which set off a global rout.
The crisis affected the Russian economy, both consumers and companies, and regional financial markets, as well as Putin's ambitions regarding the Eurasian Economic Union. The Russian stock market experienced large declines, with a 30% drop in the RTS Index from the beginning of December through 16 December 2014.
[45] [46] [47] The fall in the oligarchs' wealth relates closely to the meltdown in Russia's stock market, as by 2008 the RTS Index had lost 71% of its value due to the capital flight after the Russo-Georgian War of August 2008. [48] Putin (left) with Oleg Deripaska (right) in the Kremlin in March 2002
There was only the so-called "black market". The securities market in Russia began to revive in the first half of 1991 after the Decree of the Council of Ministers of the Russian Soviet Federative Socialist Republic No. 601 of December 25, 1990 "On approval of the Regulations on joint-stock companies" was adopted. However, for a long time the ...
Black Monday, the stock market crash that occurred on October 19, 1987, was the largest one-day percentage drop in the Dow Jones Industrial Average in history. The Dow fell by 508 points on the ...
Russia: 71 11.5 –US$6.9B: Steel, telecom, and investments in the privatization of Russia [11] 8: 173 Gennady Timchenko: Russia Finland Armenia: 72 11.3 –US$10.7B: Oil & gas industry and investments in the privatization of Russia [12] 9: 177 Andrey Melnichenko: Russia United Arab Emirates: 52 11.1 –US$6.8B: Coal industry and fertilizer [13 ...
1994 bond market crisis; 2008–2014 Spanish financial crisis; 2008–2009 Belgian financial crisis; 2008–2009 Ukrainian financial crisis; 2008–2010 automotive industry crisis; 2008 Latvian financial crisis; 2010–2014 Portuguese financial crisis; 2018–present Argentine monetary crisis; 2022 Russian debt default; 2023–2024 Egyptian ...