Contents tagged with Deripaska

  • Coup in Guinea threatens Russia’s aluminum production

    The military coup in Guinea may become a painful blow to the aluminum empire of the Russian tycoon Oleg Deripaska who built it in the bloody chaos of the 1990s.

    Russia's largest aluminum producer Rusal could lose a third of its production as it relies on supplies of bauxite from Guinea, an industry source told RIA Novosti.

    Guinea, where 43% of the population lives below the poverty line and 32% cannot read and write, ranks first in the world in terms of bauxite reserves, providing 20% of …

  • Russian oligarch Deripaska predicts default of U.S economy

    America is heading for default, according to Oleg Deripaska, a billionaire and a key shareholder of the holding companies En+ and the Gaz Group.

    According to the businessman, the impending default of the world's largest economy is evidenced by the "fall in popularity of the dollar."

    "The dollar is still the world's top reserve currency, but its popularity has already fallen to its lowest level since January," Deripaska wrote on his Telegram channel.

    The billionaire referred to the article of  …

  • Russian Billionaire Deripaska loses court case against U.S. Treasury Department to lift sanctions

    The U.S. court for the District of Colombia has decided to reject billionaire Oleg Deripaska's lawsuit against the Department of the Treasury to lift personal sanctions imposed in 2018.

    Deripaska, formerly Russia's richest person, will remain on the blacklist of the Office of Foreign Assets Control with a visa ban and blocking of all assets in the U.S., according to a ruling by Judge Amit Mehta released on Sunday.

    During the court hearings, the billionaire, whose fortune is estimated at $3.8 …

  • Russian tycoon Deripaska: Next spring Russia will face ‘sanctions from hell’

    Russia may face a sharp tightening of U.S. sanctions in the spring of 2021, according to Russian billionaire Oleg Deripaska.

    If Donald Trump loses the election and Democrats, led by 77-year-old Joe Biden, come to power in Washington, "all previous sanctions will seem like a walk in the park to us," Deripaska, who has been on the U.S. Treasury Department's blacklist since 2018, told BFM radio.

    According to the businessman, the so-called "sanctions from hell" - a package of tough measures …

  • Billionaire Deripaska accuses China of destroying Russia's climate

    China and other countries of Southeast Asia have barbaric attitude towards the environment, which provoked a "strange" winter and other adverse climatic phenomena in Russia, said Russian billionaire Oleg Deripaska.

    "Floods, fires, which this year began earlier than usual in Siberia, incomprehensible winter a second year in a row, drought, which is likely to lead to serious crop failure in the European part of Russia - all these unpleasant surprises are a consequence of the barbaric attitude to …

  • Russian billionaire Deripaska stripped of Cyprus citizenship

    The billionaire Oleg Deripaska, who became one of the 10 wealthiest people in Russia in the early 2010s and came under personal US sanctions last year, has been stripped of his Cypriot citizenship.

    After auditing its “citizenship for investment” program, in which one can “buy” a passport by investing €2 million in the island’s economy, the government of Cyprus has revised its decision regarding 26 individuals.

    As reported by Vedomosti, citing the Cypriot mass media, in addition to Deripaska, …

  • Deripaska’s Rusal confirms plans to reregister in Russia

    UC Rusal has confirmed its plans to reregister in Russia, reports RBC news agency reference with reference to a company spokesperson.

    As announced earlier at the St. Petersburg International Economic Forum by Russian Deputy Minister of Economic Development Ilya Torosov, the company intends to reregister in Kaliningrad, Russia.

    In August last year, the company announced that it was considering changing its jurisdiction from Jersey Island (one of the world’s largest offshore havens) to Russia. …

  • Russian oligarch Deripaska complains of billions lost due to US sanctions

    The Russian oligarch Oleg Deripaska has lost billions as a result of US sanctions on himself and the companies he controls. The damage from these sanctions is in excess of $15 billion, Deripaska said in a statement.

    These losses have been suffered by “investors, suppliers and clients of En+, Rusal and the GAZ Group” according the statement published on Deripaska’s website. The sanctions have “ruined a person’s life and business, and put hundreds of thousands of people at risk, including staff …

  • Russian oligarch Deripaska offers $600,000 reward to journalists who investigate sanctions against him

    The oligarch Oleg Deripaska’s lawyers plan to set up a 600 thousand dollars reward for journalists who will investigate why the United States imposed sanctions against the Russian businessman, writes The Financial Times, citing its own sources.

    According to the international daily newspaper, Deripaska, the founder of one of Russia's largest industrial groups, intends to refute the charges, which the United States used to impose restrictive measures against him.

    “Congress craves more blood ... …

  • Russian tycoon Oleg Deripaska sues the US Treasury Department and Secretary Steven Mnuchin

    Russian billionaire Oleg Deripaska intends to make US authorities cancel the personal sanctions against him through the courts. The businessman intends to sue the US Treasury Department and Secretary Steven Mnuchin for damages equal to $7.5 billion in estimated losses.

    Deripaska’s lawsuit appeared in the US judicial database and was referred to the Court of the District of Columbia. Deripaska stated that he was included in the US sanctions as a result of the political struggle over Russia's …