Russian Billionaire Warns Putin's Running Out of Money
One of Russia's most successful businessmen is warning that his country's financial woes could become more dire in 2024, requiring the assistance of "friendly" countries.
"There will be no money next year," oligarch Oleg Deripaska said Thursday at the Krasnoyarsk Economic Forum in Siberia, according to multiple media reports. "We will need foreign investors."
The 55-year-old aluminum tycoon and industrialist was cited by Forbes as the richest person in Russia and the ninth richest in the world in 2008 prior to the financial crisis. His net worth as of June 2022 was estimated at $3.2 billion.
Deripaska said building "state capitalism is not an option" and warned of "serious" pressure from sanctions.
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