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Thursday, March 30, 2023

Russian oligarch warns – Russia could be bankrupt next year


Russian oligarch Oleg Deripaska says Russia could run out of money next year.

Deripaska, who founded Rusal, which is the largest aluminum company in Europe, says the West has started crushing Russia. He refers to Western sanctions against Russia, which have, among other things, scared investors away from the country.

Bloomberg explains this and says Deripaska is therefore urging “friendly” countries to help Russia free the Russian economy from the grip it finds itself in due to Western sanctions.

Forbes says Deripaska is believed to own the equivalent of around 4 trillion Icelandic ISK.

When asked, Deripaska said the solution to Russia’s problem lies in the need to develop a market economy, as foreign investors watch how investors make money in Russia and what the market conditions are.

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