Home > Football > Premier League > Chelsea > News

Chelsea owner Roman Abramovich reportedly loses as much as £650m in one day due to to the ongoing tension between Russia and Ukraine.

Roman Abramovich has reportedly seen his fortune drop by £650m as a result of the ongoing tension between Russia and Ukraine.

On Tuesday, Russia's defence ministry indicated that some troops positioned on the border of Ukraine were to return to their bases.

However, according to reports, that change in position did not come soon enough to prevent Chelsea owner Abramovich losing a significant chunk of his fortune.

Abramovich has a 28.6% share of steel group Evraz, and the concerns regarding the conflict between Russia and Ukraine have led to a reduction in value by 29%.

According to The Sun, the drop in shares is also down to investors fearing that restrictions could be imposed on Russian companies.

Abramovich bought his stake in Evraz all the way back in 2006, three years after purchasing Chelsea.

ID:478203:1false2false3false:QQ:: from db desktop :LenBod:collect1359:

Collect / Create New Data

1

Netherlands vs. England - prediction, team news, lineups

2

Transfer saga pending? Liverpool join Man United, Spurs in race for Turkey star

3

RFS vs. Larne - prediction, team news, lineups

4

Lulu Sun vs. Donna Vekic - prediction, head-to-head, tournament so far

5

Gremio vs. Cruzeiro - prediction, team news, lineups

6

Dinamo Minsk vs. Pyunik - prediction, team news, lineups

7

Will Weghorst earn his place in the XI? Predicted Netherlands lineup vs. England

8

Standing firm: Liverpool 'reject' seven-figure offer for defender

9

Shaw to start for Three Lions? Predicted England lineup vs. Netherlands

10

Thiago Alcantara retires: What next for injury-plagued midfielder?