India's First International News Journal

20.1 C
Delhi
Thursday, March 30, 2023

Russian oligarch warns – Russia could be bankrupt next year

-Advertisement-

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.

Copyright © 2023 The Eastern Herald.

Help us continue our mission to deliver the latest news and stories by becoming a supporter of our newspaper. Your support will help us to continue to provide high-quality journalism, and to ensure that our content remains free and accessible to all. Click here to show your support. Thank you!


For latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and also on Twitter.
-Advertisement-
News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

-Advertisement-

FOLLOW US

SIGN UP FOR OUR NEWSLETTER

Read More

-Advertisement-

Recent

-Advertisement-