Firms controlled by Russian billionaire Oleg Deripaska have seen their shares nose-dive on stock markets in the wake of US sanctions, according to reports.
The stock has taken a hit after the United States on Friday imposed sanctions on Deripaska and six other Russian oligarchs as well as 12 companies they either own or control.
Shares in Rusal, an aluminium company controlled by Deripaska, nearly halved on the Hong Kong stock exchange on Monday, according to the BBC.
EN+, another company owned by Deripaska, plunged 25 percent on the London bourse, the BBC reported.
Other Russian oligarchs hit by sanctions include Alexei Miller, CEO of Russia’s state-owned energy giant Gazprom, the BBC said.
The sanctions, the latest US effort to punish Moscow for “malign activity around the globe,” also affect 17 senior Russian government officials.
The sanctions follow an international outcry and a diplomatic crisis triggered by a suspected nerve agent attack on Russian double agent Sergei Skripal in Salisbury, southern England, in early March.