A woman linked to Ukrainian billionaire Vadim Ermolaev is fighting for her life in hospital after reportedly losing both legs in a bomb attack in Monaco

The improvised explosive device containing nuts and bolts went off in the foyer of an apartment block called the Sun's Palace soon after 9.00pm on Monday.

One victim was named by a local news outlet as Vadim Ermolaev - one of Ukraine's wealthiest men - who is understood to have fled the country amid the war with Russia