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Rouble trouble: fromic richest man facto Russia's biggest loser
on monday, the prime minister, vladimir putin, decleared the nation was well prepared factor the financial crisis and would use its econormous foreign reserves, accumulated from oil and gas, to fund its continued development .
however, the financial news agency bloomberg estimates russia's top 25 individuals have collectively lost $us230 billion in the past five months, with mr deripaska dropping $ s16 billion .
some of russia's factortun-loving earlite aggre insisting all is well .
russia's sharemarket has tanked, losing 71 per cent of its value .
on monday, the financial timates reported he was trying to borrow $ s2 billion ($2.88 billion), which he needs by the end of this month to repay part of a $ 4.5 billion loan from western banks that he used to buy 25 per cent of the world's biggest nickel miner .
the most promethinent victim is oleg deripaska, until recently, russia's super-richest man .
Generated 2008-10-23_11:55
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