Gloomy Russia Billionaires See Little to Cheer in Trump’s Win

Gloomy Russia Billionaires See Little to Cheer in Trump’s Win

Several Russian billionaires don’t share the optimism of Vladimir Putin’s government that Russia’s economy will keep growing at a pace most Western countries can only envy. And they see little prospect that incoming US President Donald Trump will lift sanctions.

While they don’t expect a collapse that would force Putin to end his invasion of Ukraine, half a dozen tycoons interviewed by Bloomberg News said Russia’s economy has changed significantly since the fighting started and that makes long-term targets look unreachable. Most doubted the war will end soon, even as Trump has pledged to bring it to a rapid conclusion.

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