:Oleg Deripaska

{{short description|Russian businessman (born 1968)}}

{{family name hatnote|Vladimirovich|Deripaska|lang=Eastern Slavic}}

{{Use dmy dates|date=March 2022}}

{{Infobox person

| name = Oleg Deripaska

| native_name = {{nobold|Олег Дерипаска}}

| native_name_lang = ru

| image = Deripaska Oleg September 2020 (cropped).jpg

| caption = Deripaska in 2020

| birth_date = {{Birth date and age|1968|1|2|df=y}}

| birth_place = Dzerzhinsk, Gorky Oblast, Soviet Union

| occupation = {{hlist|Industrialist}}

| citizenship = Russia, Cyprus{{cite news|last1=Farolfi|first1=Sara|last2=Harding|first2=Luke|title=EU citizenship for sale as Russian oligarch buys Cypriot passport|url=https://www.theguardian.com/world/2018/mar/02/eu-citizenship-for-sale-as-russian-oligarch-oleg-deripaska-buys-cypriot-passport|access-date=5 March 2018|work=The Guardian|date=2 March 2018|language=en}}

| known_for = Founder of RUSAL
Founder of En+
Founder of Basic Element
Founder of Volnoe Delo

| alma_mater = Moscow State University
Plekhanov Russian University of Economics

| spouse = {{marriage|Polina Yumasheva|2001|2018|end=divorced}}

| children = 2

| website = {{URL|deripaska.com}}

| awards = {{plainlist |

}}

}}

Oleg Vladimirovich Deripaska ({{langx|ru|Олег Владимирович Дерипаска}}; born 2 January 1968){{cite web|url=http://www.deripaska.ru|title=Oleg Vladimirovich Deripaska|publisher=deripaska.ru|language=ru|access-date=7 November 2012|archive-url=https://web.archive.org/web/20160208151706/http://www.deripaska.ru/|archive-date=8 February 2016|url-status=dead}} is a Russian oligarch and billionaire.[https://www.ft.com/content/08f230b0-4dfb-11e8-8a8e-22951a2d8493 Oleg Deripaska, Russian oligarch under siege for Putin ties], Financial Times, 4 May 2018.[https://www.nytimes.com/2018/09/01/us/politics/deripaska-ohr-steele-fbi.html U.S. Agents Tried To Turn Oligarch Into an Informer] - New York Times, 1 September 2018. Deripaska began his career as a metals trader after the breakup of the Soviet Union. He used accumulated funds from trading to acquire stakes in the Sayanogorsk aluminum smelter from a consortium of businessmen who privatized it in the aftermath of the collapse of the Soviet Union.{{Cite web |date=2009-08-26 |title=Вещий Олег: биография Дерипаски |url=https://www.forbes.ru/ekonomika/lyudi/7207-veshchii-oleg-biografiya-deripaski |access-date=2024-10-01 |website=Forbes.ru |language=ru}}{{Cite news |last=Palma |first=Stefania |date=19 October 2021 |title=FBI searches home linked to Russian metals tycoon Oleg Deripaska |work=Financial Times |url=https://www.ft.com/content/3af52cea-1710-4175-b236-0bebc9b51e26 |access-date=28 February 2022}} The Sayanogorsk aluminum smelter served as the foundation of what later became the world's largest aluminium company Rusal.

Deripaska is the founder of Basic Element, one of Russia's largest industrial groups, and Volnoe Delo, Russia's largest charitable foundation. He was the president of En+ Group, a Russian energy company, and headed United Company Rusal, the second-largest aluminum company in the world, until he quit both roles in 2018.{{Cite news |last=Devitt |first=Polina |last2=Lyrchikova |first2=Anastasia |date=February 19, 2018 |title=Russian magnate Deripaska to quit roles at his two biggest firms |url=https://www.reuters.com/article/us-russia-rusal-deripaska/russian-magnate-deripaska-to-quit-roles-at-his-two-biggest-firms-idUSKCN1G31D3 |access-date=14 August 2018 |work=U.S. |language=en-US}}{{Cite web|url=http://www.rusal.ru/en/about/management/|title=Management|publisher=United Company Rusal|access-date=2 June 2017|archive-date=8 February 2016|archive-url=https://web.archive.org/web/20160208151709/http://www.rusal.ru/en/about/management/|url-status=dead}}

He has been characterized as a victor in the "aluminium wars" in Russia during the 1990s, which were frequently violent conflicts between businesspeople to obtain state-owned assets.{{Cite news |last=Devitt |first=Polina |last2=Lyrchikova |first2=Anastasia |last3=Golubkova |first3=Katya |date=21 December 2018 |title=Biting the bullet, not the dust: Deripaska gives up his aluminum empire |url=https://www.reuters.com/article/us-usa-russia-sanctions-deripaska-rusal-idUSKCN1OK081 |access-date=28 February 2022 |work=Reuters |language=en}}{{Cite web |last=Webb |first=Tim |date=13 April 2008 |title=The war of the four oligarchs |url=http://www.theguardian.com/business/2008/apr/13/mining.russia1 |access-date=28 February 2022 |website=the Guardian |language=en}} In 2000, Deripaska founded Rusal, the result of a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital.{{Cite news|url=https://www.wsj.com/articles/SB106443818395367800|title=Aluminum Shake-Up May Loom in Russia|last=Whalen|first=Jeanne|date=25 September 2003|work=Wall Street Journal|access-date=2 June 2017|language=en-US|issn=0099-9660}} In 2007, Rusal merged with SUAL Group and Glencore International AG to form UC Rusal, with Deripaska as chairman.{{Cite news|url=https://www.reuters.com/article/aluminium-russia-merger-idUSL2713534620070327|title=RUSAL, SUAL, Glencore complete aluminium merger|date=27 March 2007|work=Reuters|access-date=2 June 2017}}

He was once Russia's richest man, but lost a substantial part of his fortune during the 2008 financial crisis. As of January 2025, his wealth was estimated by Forbes at $2.7 billion, making him the 1240th richest person in the world.{{Cite web |title=Oleg Deripaska |url=https://www.forbes.com/nft-profile/oleg-deripaska/ |access-date=2022-07-06 |website=Forbes |language=en}} In 2017, Deripaska obtained a Cypriot citizenship through the country's 'golden visa' program, which allows major investors in the economy to apply for a national passport.

He was placed under U.S. sanctions in 2022 for reasons relating to the 2014 annexation of Crimea by Russia.{{Cite news |date=2018-05-25 |title=Oleg Deripaska resigns from Rusal amid US sanctions row |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-44249933 |access-date=2022-03-26}}{{Cite web |title=Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity |url=https://home.treasury.gov/news/press-releases/sm0338 |access-date=2022-03-26 |website=U.S. Department of the Treasury |language=en}} Deripaska was one of seven oligarchs sanctioned by the British government over the 2022 Russian invasion of Ukraine, including asset freezes and travel bans.{{cite web|date=10 March 2022 |title=Ukraine war: Roman Abramovich sanctioned by UK |url=https://www.bbc.com/news/uk-politics-60690362 |access-date=10 March 2022 |work=BBC News}}

As early as 2022 Deripaska was one of a handful Russian businessmen to openly denounce the Russian invasion of Ukraine. After making his statements, he faced pressure from the Kremlin, leading to the seizure of a major asset he owned, valued at USD 1 billion.{{Cite web |title=Billionaire Oleg Deripaska's Sochi hotel complex seized after Russian court order |url=https://www.ft.com/content/32052a11-89f3-4642-8dd4-11433a32f8a2 |date=19 December 2022 |website=www.ft.com}} Nonetheless, he returned to the subject in early August 2024, when he characterized the invasion as "madness" and called for it to be stopped immediately.{{cite news |url=https://www.moscowtimes.ru/2024/08/08/milliarder-deripaska-nazval-voinu-putina-v-ukraine-bezumiem-i-prizval-nemedlenno-ee-ostanovit-a138992 |title=Миллиардер Дерипаска назвал безумной войну Путина в Украине и призвал немедленно ее остановить }} He came under strong fire from the pro-Putin camp in Russia for his statements, notably from the ultranationalist Alexander Dugin.{{Cite web |date=2024-08-09 |title=Russia's Deripaska under fire for rare anti-war comments |url=https://uk.news.yahoo.com/russias-deripaska-under-fire-rare-145138943.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEeWMalASYTRFnk0akqTeJk3JKEoMwdUL3sgzVv4XPIHyaHY08gSfeOYoFIwARMF5YrX5eENMPZXTzWKGCEQ5Iiqr2fqjpjlv_Y3wwMtvtbttrxSHXMX6_lAynmwEgqJ0_pPyFSG-tBMkVe0OqnMpJ-cdaqU1JD4c1Y4p_mZmkmd |access-date=2024-08-16 |website=Yahoo News |language=en-GB}}

Early life and education

Deripaska was born in Dzerzhinsk, Nizhny Novgorod Oblast, Soviet Russia and grew up in Ust-Labinsk, Krasnodar Krai. His parents came from Kuban.{{cite news|script-title=ru:Олигарх Дерипаска участвовал в приеме парада Кубанского казачьего войска|url=https://yasnonews.ru/news/politika/oligarkh_deripaska_uchastvoval_v_prieme_parada_kubanskogo_kazachego_voyska/|access-date=25 May 2017|work=Yasno|date=22 April 2017|language=ru|archive-date=6 June 2020|archive-url=https://web.archive.org/web/20200606100753/https://yasnonews.ru/news/politika/oligarkh_deripaska_uchastvoval_v_prieme_parada_kubanskogo_kazachego_voyska/|url-status=dead}} Deripaska grew up on the family's small farm, where from the age of 5 or 6, he learned how to live off the land from his grandparents,{{cite news|title=Deripaska Rebound From Near-Crash Stares Down Potanin|url=https://www.bloomberg.com/news/articles/2011-02-21/deripaska-rebounding-from-near-disaster-stares-down-potanin-as-metals-soar|publisher=Bloomberg L.P.|access-date=13 January 2016|first=Stephanie|last=Baker|newspaper=Bloomberg.com|date=22 February 2011}} who primarily raised him after his widowed mother, an engineer, had to leave to find work.{{cite news|last1=Reguly|first1=Eric|title=At home with Russian oligarch Oleg Deripaska|url=https://www.theglobeandmail.com/report-on-business/careers/careers-leadership/at-home-with-russian-oligarch-oleg-deripaska/article573998/?page=all|access-date=25 May 2017|work=The Globe and Mail|date=11 February 2011|language=en-ca}} Deripaska credits his grandparents for teaching him the discipline of hard work along with farming. Both his grandfathers fought in the Second World War. His maternal grandfather returned to Russia after the war ended.{{cite web|title=PROFILE: 'We're waiting for the aluminium industry to do its homework,' Deripaska says |url=http://www.metalbulletin.com/Article/3250360/Search/PROFILE-Were-waiting-for-the-aluminium-industry-to-do-its.html?PageId=196010&Keywords=deripaska&OrderType=1&PageMove=2#axzz3sPgcUxAJ |publisher=metalbulletin.com |access-date=13 January 2016}} His paternal grandfather Timofey Deripaska (1918-1945) – an ethnic Ukrainian – {{Cite web|url=https://pamyat-naroda.ru/heroes/memorial-chelovek_prikaz75047118/|title=Дерепаско Тимофей Романович: Приказ об исключении из списков|website=Память народа 1941—1945}} was killed in battle and buried in a mass grave in Austria — in his memory, Deripaska built a Russian Orthodox church in the town Laa an der Thaya.{{Cite web|url=https://www.gazeta.ru/social/news/2019/05/09/n_12957151.shtml|title=Русский храм в австрийском городе Лаа провёл службу в память жертв Второй мировой войне - Газета.Ru | Новости|website=Газета.Ru|date=9 May 2019}}{{Cite web|url=https://rns.online/r/6q5r/|title=В Австрии прошла служба в память о погибших советских солдатах|date=9 May 2019|website=Информационное агентство RNS}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes}}[https://iz.ru/876646/2019-05-09/sluzhba-v-pamiat-o-sovetskikh-voinakh-proshla-v-russkom-khrame-v-avstrii Служба в память о советских воинах прошла в русском храме в Австрии]

Deripaska's first job was at the Ust-Labinsk plant where his mother worked. At age 11, he became an electrician's apprentice doing maintenance on electrical motors. His talent for math allowed him to enroll at the physics faculty of Moscow State University in 1985. One year into his studies, he was conscripted into the armed forces and served in the Soviet Strategic Missile Forces in the Trans-Baikal district of Siberia from 1986 to 1989.

In 1993, Deripaska graduated with honors in physics from Moscow State University;{{cite web|title=Basic Element – History|url=http://www.basel.ru/en/history/|access-date=28 August 2015|archive-url=https://web.archive.org/web/20150923182539/http://www.basel.ru/en/history/|archive-date=23 September 2015|url-status=dead}} however, the collapse of the Soviet Union greatly reduced academic funding, making it impossible for him to continue his studies as a theoretical physicist. There were no available stipends or grants for students. "We had no money. It was an urgent and practical question every day. How do I earn money to buy food and keep studying?" he recalls. In 1996, he earned a master's degree from the Plekhanov University of Economics.

Career

At the age of 25, teaming up with fellow physicists, engineers and rocket scientists, Deripaska set up his first metal trading company, VTK. He adopted a systematic, scientific approach to commodity trading. "I represented companies that were buying and selling raw materials", Deripaska said. Deripaska undertook export arbitrage, buying metal at low Russian prices and selling it abroad at significantly higher international market prices. Deripaska traded primarily through the Baltic state of Estonia, as the Russian system of export licenses was in disarray. "I started my business at an unusual moment in history. The country in which I was born and raised had disappeared, although the new country was not fully formed. The first one gave me an excellent education; the second one gave me the chance of success", Deripaska recalled in an interview with Metal Bulletin.

He used nearly all his arbitrage and trading profits to acquire his initial package of shares in the Sayanogorsk aluminum smelter in Southern Siberia.{{Cite news|title=FACTBOX: Who is Oleg Deripaska?|url=https://www.reuters.com/article/us-russia-deripaska-profile-idUSTRE51L1IH20090222|work=Reuters|date=22 February 2009|access-date=13 January 2016}}

In 1994, Deripaska became director general of the plant at the age of 26. In 1997, he founded Sibirsky (Siberian) Aluminium Group, which in 2000 merged with Roman Abramovich's Millhouse Capital to create RUSAL.{{Cite web|title=RUSAL battle set for British court|url=http://www.stabroeknews.com/2012/news/world/07/07/rusal-battle-set-for-british-court-2/|work=Stabroek News|date=7 July 2012|access-date=13 January 2016}} In 2003, businesses led by Deripaska increased their stake in those companies under common management to 75% by acquiring half of the interest managed by Millhouse Capital.{{cite news|url=https://www.wsj.com/articles/SB955986247819859000|title=Russia's Aluminum Barons Form Cartel to Control 10% of Output|author=Jeanne Whalen|newspaper=Wall Street Journal|access-date=14 January 2016|issn=0099-9660}} In 2004, the consolidation of RUSAL's ownership by companies related to Deripaska was completed with the acquisition of the remaining 25% equity interest in RUSAL managed by Millhouse Capital.{{cite news|url=https://www.wsj.com/articles/SB106443818395367800|title=Aluminum Shake-Up May Loom in Russia|author=Jeanne Whalen|newspaper=Wall Street Journal|access-date=14 January 2016|issn=0099-9660}} Deripaska was named businessman of the year in 1999, 2006, and 2007 by Vedomosti, a Russian business daily.{{cn|date=February 2024}}

RUSAL went on to become the largest aluminum producer in the world, until the China Hongqiao Group surpassed it in 2015. In 2010, under Deripaska's leadership, Rusal became the first Russian company to be listed on the Hong Kong Stock Exchange.

=Basic Element=

Beyond metals, which as of 2016 remained at the core of his diversified industrial holding, Deripaska has acquired stakes in a wide range of companies in various sectors, including energy, manufacturing, commercial vehicles, auto components, financial and insurance services,{{Cite web|title=Sberbank of Russia: Basic Element, Sberbank and Changi Airports International sign Memorandum of Understanding for Airport Business Partnership|url=http://data.sberbank.ru/en/press_center/all/index.php?id114=11014378|website=data.sberbank.ru|access-date=13 January 2016|archive-date=20 March 2017|archive-url=https://web.archive.org/web/20170320162109/http://data.sberbank.ru/en/press_center/all/index.php?id114=11014378|url-status=dead}} leasing businesses, construction,{{Cite web|title=Строительство|url=http://www.basel.ru/building-realty/Construction/|archive-url=https://web.archive.org/web/20150318192513/http://www.basel.ru/building-realty/construction/|url-status=dead|archive-date=18 March 2015|website=basel.ru|access-date=13 January 2016}} aviation, and agriculture. Among his assets are a Siberian power company {{ill|EuroSibEnergo|ru|ЕвроСибЭнерго}},{{Cite web|url=http://www.eurosib.ru/eng/|archive-url=https://web.archive.org/web/20090511060730/http://www.eurosib.ru/eng/ |url-status=dead |title=EuroSibEnergo company website|archive-date=11 May 2009}} that is Russia's biggest private energy company; he owns 10% of Ingosstrakh, one of Russia's largest insurance companies; GAZ Group, a producer of cars, trucks and buses, founder of agricultural business (Kuban Agro Holding).{{cite web|url=http://www.ahkuban.ru|title=Agroholding Kuban website|publisher=ahkuban.ru|access-date=7 November 2012|archive-url=https://web.archive.org/web/20160213030222/http://www.ahkuban.ru/|archive-date=13 February 2016|url-status=dead}}{{Cite web|title=Агрохолдинг "Кубань" и производитель семян Maisadour создают СП в России|url=https://www.vedomosti.ru/business/articles/2015/11/30/618839-kuban-maisadour-sp|website=www.vedomosti.ru|access-date=13 January 2016|date=30 November 2015}} He established a transport company to run airports in the Krasnodar region, including Sochi and Krasnodar.{{cite web|url=http://www.basel.aero/|title=Basel Aero website|publisher=basel.aero|access-date=7 November 2012|archive-date=18 November 2016|archive-url=https://web.archive.org/web/20161118225209/http://basel.aero/|url-status=dead}}

All these assets form part of the diversified investment and industrial group Basic Element.{{cite web|url=http://www.basel.ru/en/regions|title=Basic Element website|date=1 January 2008|publisher=Basel.ru|archive-url=https://web.archive.org/web/20110723091302/http://www.basel.ru/en/regions/|archive-date=23 July 2011|url-status=dead|access-date=14 May 2011}}

Deripaska is the founder of Basic Element, a diversified investment group established in 1997 which has been managing investments in the following sectors: energy, metals and mining, machinery, financial services, agriculture, construction, and aviation. The major investments under Basic Element management included stakes in United Company RUSAL{{cite web|url=http://www.rusal.ru/en/Default.aspx|title=RUSAL company website|publisher=Rusal.ru|archive-url=https://web.archive.org/web/20110409195407/http://www.rusal.ru/en/Default.aspx|archive-date=9 April 2011|url-status=dead|access-date=14 May 2011}} (the world's largest aluminum and alumina producer), GAZ Group (an automotive company), Aviakor aircraft manufacturer, EuroSibEnergo (ЕвроСибЭнерго (an energy supply company) Glavmosstroy (Главмосстрой) (a construction company){{cite web|url=http://www.glavmosstroy.ru/eindex.htm|title=Glavmosstroy website|publisher=Glavmosstroy.ru|archive-url=https://web.archive.org/web/20110907045059/http://www.glavmosstroy.ru/eindex.htm|archive-date=7 September 2011|url-status=dead|access-date=14 May 2011}} Kuban Agroholding (an agricultural company) and Basel Aero (an aviation business comprising the three largest airports in the Krasnodar territory, and a joint venture with Changi Airports International). Basic Element has been managing Deripaska's investments into companies in Russia, the CIS countries, Africa, Australia, Asia, Europe and Latin America, which employ as many as 250,000 people. Strikeforce Mining and Resources (SMR) is also controlled by Basic Element.{{Cite web|url=https://fin-forex.com/bazel-has-refused-to-purchase-copper-combine-in-serbia|archive-url=https://archive.today/20091102092826/http://fin-forex.com/bazel-has-refused-to-purchase-copper-combine-in-serbia/ |url-status=dead |title=Bazel" has refused to purchase copper combine in Serbia | Forex & Finance|archive-date=2 November 2009|website=fin-forex.com}}

Basic Element built several Olympic facilities for 2014 Winter Olympics in Sochi, including the Coastal Olympic Village, Imeretisnkiy sea port, Doubler of Kurortny Avenue in Sochi, renovation of the Sochi International Airport. The total investments account for over $1.4 billion.{{Cite news|title=Rich Russians Sparring With Putin Over $48 Billion Olympics Bet|url=https://www.bloomberg.com/news/articles/2013-11-26/rich-russians-sparring-with-putin-over-48-billion-olympics-bet|work=Bloomberg|access-date=14 January 2016|first1=Stephanie| last1=Baker| first2=Ilya|last2=Arkhipov|date=26 November 2013}}

During the 2008 financial crisis, Deripaska temporarily had to sell his 25% stake in Austrian construction company Strabag, but bought them back in 2010.{{cn|date=February 2024}} In return, Strabag obtained a 26% stake in Transstroy.{{cn|date=February 2024}}

= Troubles with US travel, 2006–2009 =

In 2008, whilst Deripaska was involved in a bid to buy the Daimler Chrysler Group, The Guardian reported that the United States canceled his entry visa due to "criminal associations and relationships".{{cite news |title=US refused oligarch visa over alleged criminal associations |url=https://www.theguardian.com/world/2008/oct/31/oleg-deripaska-us-visa-rusal |website=The Guardian |date=31 October 2008 |access-date=20 May 2024 |last1=Glenny |first1=Misha |last2=Booth |first2=Robert |last3=Parfitt |first3=Tom }} The Wall Street Journal likewise reported that it could have been because Deripaska has been accused of having links to organized crime in Russia and cited as their sources two unnamed U.S. law enforcement officials.{{cite news|url=https://www.reuters.com/article/idUSN1143738620070511|title=U.S. revoked Deripaska visa – State Dep't official|first=Jim|last=Wolf|date=11 May 2007|work=Reuters}} The New York Times reported on 27 August 2018 that the visa had been revoked on concerns Deripaska might attempt to launder money through real estate transactions.{{cite news|url=https://www.nytimes.com/2018/08/27/us/politics/bruce-ohr-trump-justice-department.html|title=Bruce Ohr Fought Russian Organized Crime. Now He's a Target of Trump.|newspaper=The New York Times|date=27 August 2018|access-date=29 August 2018|last1=Goldman|first1=Adam|last2=Benner|first2=Katie}} Deripaska had received a multiple-entry visa in 2005; a U.S. Federal Bureau of Investigation spokesman refused to comment. Lobbying on his behalf had been done by former Senate Republican leader and 1996 presidential candidate Bob Dole and his law firm, Alston & Bird, Senate records show. Alston & Bird was paid about US$260,000 in 2005 for work on "Department of State visa policies and procedures" tied to Deripaska.

In 2009, Deripaska was again allowed entry and visited the United States twice. The Wall Street Journal reported that according to two unnamed FBI administration officials, Deripaska met with agents regarding a continuing criminal probe, the details of which were not known or reported. During Deripaska's visits, he met with leading management figures from investment banks Goldman Sachs and Morgan Stanley. The aluminum company that Deripaska headed, United Company RUSAL, was in preparations for an initial public offering. The easing of Deripaska's visa issues, which were an issue for possible investors, helped to reassure bankers. The State Department has never said why it revoked his visa and refused to comment on his 2009 visits. The visits were arranged outside of the usual process as the U.S. continues to have concerns about Deripaska's business associations. Deripaska has repeatedly denied a connection to any organized crime{{cite news |last1=Stewart |first1=Sinclair |title=Oleg Deripaska |url=https://www.theglobeandmail.com/report-on-business/oleg-deripaska/article1076156/ |website=The Globe and Mail |date=11 May 2007 |access-date=20 May 2024}} and said business rivals have caused the visa to be revoked by smearing him. When interviewed by the BBC in July 2009, Deripaska said that the authorities in the United States had been attempting to blackmail him by revoking his visa and thus affecting possible investors in a negative way and thereby hoping to push Deripaska into cooperating with them.{{cite news|url=https://www.wsj.com/articles/SB125687000832717809|work=The Wall Street Journal|title=Deripaska Accused U.S. of Blackmail|date=30 October 2009}}

NBC News reported in October 2021 that Russia had given Deripaska diplomatic status, allowing him to enter the U.S. with immunity.{{Cite web|url=https://www.nbcnews.com/politics/justice-department/fbi-agents-swarm-d-c-home-russian-oligarch-oleg-deripaska-n1281844|author1=Tom Winter|author2=Michael Kosnar|author3=Laura Strickler|title=FBI agents swarm Washington home of Russian oligarch Oleg Deripaska|website=NBC News|date=19 October 2021}}

= Magna and lawsuit against Morgan Stanley, 2015 =

In May 2007, Magna International chairman Frank Stronach announced that Deripaska was becoming a strategic partner in Magna.{{Cite web|url=http://www.reportonbusiness.com/servlet/story/RTGAM.20070510.wmagna10/BNStory/robNews/home|title=Russian billionaire buying Magna stake|date=10 May 2007|work=The Globe and Mail |last=Keenan|first=Greg}} In 2007, Deripaska's Veleron investment vehicle acquired stock in Magna through a $1.2 billion loan from BNP Paribas, with Magna shares serving as collateral.{{citation needed|date=December 2020}} Morgan Stanley was involved in the deal through a swap agreement with BNP Paribas where the US bank assumed the risks of the loan in return for a fixed payment from Paribas.{{Cite news|title=Morgan Stanley Defeats Russian Tycoon's Short-Selling Claims|url=https://www.bloomberg.com/news/articles/2015-11-13/morgan-stanley-defeats-russian-tycoon-s-short-selling-claims-igy8py53|website=Bloomberg.com|access-date=13 January 2016|first1=Bob|last1=Van Voris|first2=Erik|last2=Larson|date=13 November 2015}}

In September 2008, Magna's stocks plummeted, hit by the global economic downturn. BNP issued a $93 million margin call to Veleron. Morgan Stanley, in turn, learned that Veleron was unlikely to meet the call and sold the stock short.{{Cite news|title=UPDATE 1-Morgan Stanley cleared in Russian tycoon's insider trading lawsuit|url=https://www.reuters.com/article/morgan-stanley-trial-idUSL1N1382UF20151113|newspaper=Reuters|date=13 November 2015|access-date=13 January 2016}} Deripaska claimed that Morgan Stanley abused its duties and engaged in unlawful insider trading that resulted in significant financial damage to Veleron, estimated at $15 million to $25 million.

In 2015, Deripaska filed a lawsuit against Morgan Stanley, accusing the bank of using insider information to short sell Deripaska's $1.5 billion investment in shares of Canadian-based Magna International in 2008.{{Cite news|title=Morgan Stanley to face Russian tycoon's insider trading claims |url=http://in.reuters.com/article/morgan-stanley-trial-idINL1N12S3RO20151101|archive-url=https://web.archive.org/web/20160211210207/http://in.reuters.com/article/morgan-stanley-trial-idINL1N12S3RO20151101|url-status=dead|archive-date=11 February 2016|website=Reuters India|date=November 2015|access-date=13 January 2016|last1=Pierson|first1=Brendan}} The New York jury determined in November 2015 that Morgan Stanley had "acquired inside information and traded on it despite a duty to keep it confidential and not trade on it", finding as well that Morgan Stanley did not have the intent to defraud Veleron. Veleron strongly disagreed with and said it would file an appeal.{{when|date=June 2016}}

=En+ Group=

{{main|En+ Group}}

The group was formed in 2006, with Deripaska as president and controlling shareholder.{{Cite web|url=http://eng.enplus.ru/about/management/|title=En+ - ведущая российская индустриальная группа, лидер в металлургии, энергетике и горнорудной промышленности|website=eng.enplus.ru|access-date=2 June 2017|archive-url=https://web.archive.org/web/20170728080934/http://eng.enplus.ru/about/management/|archive-date=28 July 2017|url-status=dead}} The En+ Group is a diversified mining, metals and energy group. It owns a majority stake in UC Rusal (48.13%{{Cite web|url=https://www.rusal.ru/en/about/facts/|title=Facts and Figures|website=rusal.ru|access-date=2 June 2017}}) and in EuroSibEnergo.{{citation needed|date=March 2022}}

In 2017, it reported adjusted core earnings of $2.3 billion on revenues totaling $9.8 billion.{{Cite news|url=https://www.reuters.com/article/russia-en-idUSL5N1H72UO|title=Russian tycoon Deripaska's En+ says 2016 core earnings $2.3 bln|date=18 April 2017|work=Reuters|access-date=2 June 2017}} In November 2017, En+ was listed on the London Stock Exchange raising $1.5 billion.{{Cite web |last=Davies |first=Rob |date=2022-03-10 |title=Oleg Deripaska: Putin 'favourite' with strong ties to Britain |url=https://www.theguardian.com/world/2022/mar/10/oleg-deripaska-profile-putin-britain |access-date=2022-07-06 |website=The Guardian |language=en}}

= Metals and mining =

==RUSAL==

{{main|Rusal}}

United Company RUSAL is the world's second largest aluminum company. It was the largest until it was overtaken by China Hongqiao Group in 2015. In 2019, Rusal was overtaken by China's Chalco as the second biggest listed producer of aluminum.{{Cite news|url=https://www.reuters.com/article/us-china-aluminium-chalco-idUSKCN1RA0CB|title=China's Chalco leapfrogs Rusal as second-biggest listed aluminum...|date=29 March 2019|work=Reuters|access-date=27 July 2019|language=en}} As of 2018, UC RUSAL accounts for 5.8% of the world's primary aluminum output and 6.2% of the world's alumina production.{{Cite web|url=https://rusal.ru/en/about/facts/|title=Rusal facts}}

In order to ensure a stable supply of alumina to its smelters, several mergers and acquisitions were accomplished by RUSAL under Deripaska. At the beginning of the 2000s, RUSAL acquired bauxite mines in Guinea, a country with the world's largest bauxite reserves. Subsequently, RUSAL acquired a stake in an alumina refinery in Australia. At Deripaska's behest, in 2007, RUSAL, SUAL Group, one of the world's top 10 aluminum producers; and Glencore International AG, the Swiss natural resources group, merged their assets to form United Company RUSAL, the world's largest aluminum and alumina producer.{{cite news|url=https://www.reuters.com/article/us-russia-deripaska-profile-idUSTRE51L1IH20090222|title=FACTBOX: Who is Oleg Deripaska?|date=22 February 2009|access-date=14 January 2016|work=Reuters}}

After the merger with Glencore, bauxite and alumina assets in Jamaica, Italy and Ireland were added to RUSAL's portfolio. These transactions converted RUSAL from a company with few supplies of the raw material bauxite into a vertically integrated corporation.{{cite web|title=Без партнеров|date=18 October 2004 |url=http://www.vedomosti.ru/newspaper/articles/2004/10/18/bez-partnerov|publisher=vedomosti.ru|access-date=14 January 2016}}

In parallel, Deripaska invested significantly in the operational improvement of smelters inside Russia. He said, "We consolidated the industry, and located bauxites that do not exist in Russia. We established the company that became the leader of industry in less than twelve years. But to become the number one aluminum producer in the world, we had to improve our operations practice. To apply the best practices in the world, we looked at Toyota, which had utilized a precise, deep and well thought-through process for almost thirty years of operations."{{cite web|url=http://www.rusal.ru/upload/uf/573/PROSPECTUS.pdf|title=United Company RUSAL Limited|publisher=RUSAL|access-date=3 June 2017|archive-date=20 March 2017|archive-url=https://web.archive.org/web/20170320162043/http://www.rusal.ru/upload/uf/573/PROSPECTUS.pdf|url-status=dead}}

Deripaska himself has been an active supporter of Japanese production efficiencies made popular by the "Toyota Way." RUSAL smelters have adopted the concept of kaizen, which means continuous improvement and involves training workers in standardized production techniques. "It's important to change both the company's mind set and reporting lines", Deripaska said. "Instead of top-down management, you should understand everything is in the hands of your operator and empower that operator to drive efficiencies and improvements directly on the factory floor."

Under Deripaska's leadership, RUSAL constructed and commissioned Khakas aluminum smelter outside of Sayanogorsk in Russian Siberia. The Khakas facility was the first aluminum smelter built in post-Soviet Russia (since 1985). The smelter, with an annual capacity of 300,000 tonnes, was as of 2006 one of the most technologically advanced in the world.{{Cite web|url=https://www.theguardian.com/business/2006/oct/22/theobserver.observerbusiness9|title=Simon Caulkin: The world's most modern plant - and it's in Siberia|last=Caulkin|first=Simon|date=22 October 2006|website=the Guardian|language=en|access-date=16 August 2018}} The company also undertook large-scale modernization projects at a number of its facilities, including the Bratsk, Krasnoyarsk and Irkutsk aluminum smelters.{{cite web|title=HKUST IAS - UC RUSAL President's Forum|url=http://ias.ust.hk/ucrusal/2010/transcript.html|publisher=ias.ust.hk|access-date=14 January 2016}}

Deripaska returned in 2009 to RUSAL as CEO to lead the company through the debt restructuring process. "I worked 16-hour days. We were in default, although none of the parties involved wanted to call it default." As part of contingency measures, Deripaska cut costs at RUSAL by 25% in 2009. By December 2009, Deripaska reached a final agreement with over 70 Russian and international lenders to refinance US$17 billion of debt.

In 2017, Rusal issued two Eurobonds to finance its debts. The first one, worth $600 million, was issued in February,{{Cite news|url=http://aluminiuminsider.com/rusal-prices-initial-eurobond |title=Rusal Prices Initial Eurobond |date=30 January 2017|work=Aluminium Insider| access-date=2 June 2017}} followed by the second one in April, worth $500 million.{{Cite web|url=https://www.ft.com/content/1084218c-2cdc-355b-a52f-7887fb4aea59|title=Rusal profit amid rebound in aluminium prices|work=Financial Times|date=12 May 2017|access-date=2 June 2017}} Also in February, plans were announced to sell 10 billion yuan worth of seven-year onshore bonds to finance purchases in China. This made Rusal the first foreign company to offer panda bonds on the Shanghai Stock Exchange.{{Cite news |url=https://www.scmp.com/business/companies/article/2069488/aluminium-giant-rusal-plans-10-billion-yuan-panda-bond-issue|title=Rusal plans 10 billion yuan panda bond issue in Shanghai|work=South China Morning Post|date=9 February 2017|access-date=2 June 2017}} The company also agreed on a pre-export finance mechanism with international lenders worth $1.7 billion for debt refinancing.{{Cite news|url=http://aluminiuminsider.com/rusal-negotiates-us1-7-bn-pxf-debt-facility |title=Rusal Negotiates US$1.7 BN PXF Debt Facility |date=26 May 2017|work=Aluminium Insider|access-date=2 June 2017}}

In 2013, Deripaska was awarded the "Aluminium Industry Ambassador Award" in the Metal Bulletin Awards for Excellence for his "great influence within the global aluminium industry and the wider market".{{cite web|title=Winners of Metal Bulletin's awards for aluminium excellence 2013|url=http://www.metalbulletin.com/Article/3256866/Search/Winners-of-Metal-Bulletins-awards-for-aluminium-excellence.html|work=Metal Bulletin|access-date=14 January 2016}}

Deripaska stepped down from RUSAL in May 2018 the day after seven board members and the chief executive resigned. The move was part of a deal with the US Treasury to get U.S. sanctions removed from the company.{{cite web|title=Sanctioned Tycoon Deripaska Resigns as Director of His Firm Rusal|url=https://www.nytimes.com/reuters/2018/05/25/business/25reuters-usa-russia-sanctions-rusal.html|website=The New York Times|date=25 May 2018|access-date=27 May 2018|agency=Reuters|last1=Devitt|first1=Polina|last2=Voronova|first2=Tatiana|last3=Korsunskaya|first3=Darya|last4=Lowe|first4=Christian|editor-last=Anantharaman|editor-first=Muralikumar}} As part of that deal, in February 2019 it was announced that Deripaska had reduced his ownership stake in EN+ to below 50% in order to obtain sanctions relief.{{Cite news|url=https://www.economist.com/business/2019/02/02/america-lifts-sanctions-on-oleg-deripaskas-business-empire|title=America lifts sanctions on Oleg Deripaska's business empire|date=2 February 2019|newspaper=The Economist|access-date=6 February 2019|issn=0013-0613}}

===Cherney lawsuit, 2008 ===

Michael Cherney brought legal action against Deripaska in the Commercial Court of the High Court in London.{{cite news|url=https://www.independent.co.uk/news/world/europe/the-worlds-richest-russian-is-sued-for-3bn-in-london-437814.html|archive-url=https://web.archive.org/web/20080610171148/http://www.independent.co.uk/news/world/europe/the-worlds-richest-russian-is-sued-for-3bn-in-london-437814.html|url-status=dead|archive-date=10 June 2008|title=The world's richest Russian is sued for $3bn in London|work=The Independent|location=UK|date=25 February 2007|access-date=14 May 2011|first=Andrew|last=Osborn}} Cherney sought a declaration that he was the beneficial owner of 20% of RUSAL stock which, he claimed, Deripaska held in trust for him. The claim was denied. On 3 May 2007, Justice Langley ruled that Deripaska had not been properly served, and that the court had no jurisdiction to try the claim as Deripaska did not live in England or Wales.{{cite web|url=https://www.bailii.org/ew/cases/EWHC/Comm/2007/965.html|title=Cherney v Deripaska, 2007 EWHC 965 (Comm)|publisher=Bailii.org|access-date=14 May 2011}}

In July 2008, Justice Christopher Clarke ruled that the case should be tried in England, although "the natural forum for this litigation is Russia", because, he held, "risks inherent in a trial in Russia...are sufficient to make England the forum in which the case can most suitably be tried in the interest of both parties and the ends of justice".{{cite web|url=https://www.bailii.org/ew/cases/EWHC/Comm/2008/1530.html|title=Cherney v Deripaska, 2008 EWHC 1530 (Comm)|publisher=Bailii.org|access-date=14 May 2011}} On 22 July 2008, he granted Deripaska the right to appeal. The Court of Appeal of England and Wales rejected the appeal on 31 July 2009.{{cite web|url=https://www.bailii.org/ew/cases/EWCA/Civ/2009/849.html|title=Deripaska v Cherney, 2009 EWCA Civ 849|publisher=Bailii.org|access-date=14 May 2011}}

At a June 2011 case management conference, the judge deferred a decision on whether Cherney would be allowed to give evidence by video link from Israel rather than appear in person. An outstanding arrest warrant issued by Interpol meant that the British would detain him if he travelled to the UK.Paul, Jonny. (23 June 2011) [http://www.jpost.com/International/Article.aspx?id=226187&R=R4 "British High Court to decide: Can Cherney testify by video?"] The Jerusalem Post. 23 June 2011. Retrieved 12 May 2012.[https://web.archive.org/web/20090928225838/http://www.interpol.int/public/Data/Wanted/Notices/Data/2009/42/2009_21842.asp "Wanted: Cherney, Michael"]. Interpol, (14 October 2010) In late July 2011, the High Court ruled to allow Cherney to give evidence at the trial by video link from Israel, and also set trial for April 2012.{{cite news|url=http://www.thisislondon.co.uk/standard/article-23973334-the-gangster-a-billionaire-friend-of-mandelson-and-a-pound-23bn-row.do |title=The 'gangster', a billionaire friend of Mandelson and a £2.3bn row|work=Evening Standard|first=Paul|last=Cheston|date=28 July 2011|access-date=8 August 2011| url-status=dead|archive-url=https://web.archive.org/web/20120222031121/http://www.thisislondon.co.uk/standard/article-23973334-the-gangster-a-billionaire-friend-of-mandelson-and-a-pound-23bn-row.do|archive-date=22 February 2012}} Deripaska denied that Cherney was owed any stake in RUSAL, and asserted payments made to Cherney had been for unavoidable "protection" at a time when violence was sweeping the region and posed an existential threat to any profitable business in the country. In an interview with The Telegraph, Deripaska said he was one of the few who worked to clean up Russian industry and provided support to law enforcement agencies. However, in this early chaotic period paying protection money to criminal gangs was inescapable, as revealed in court testimony.{{Cite web|title=Oleg Deripaska: Why I paid crime gangs for protection| url=https://www.telegraph.co.uk/finance/newsbysector/industry/mining/9218657/Oleg-Deripaska-Why-I-paid-crime-gangs-for-protection.html|work=The Telegraph | date=21 April 2012|access-date=13 January 2016}} In September 2012, Cherney terminated his UK lawsuit against Deripaska.{{cite news|url=https://www.wsj.com/articles/SB10000872396390444549204578022433469797910 |title=Suit Against Russian Billionaire Is Dropped|work=The Wall Street Journal|first1=Paul|last1=Sonne|first2=Alexander|last2=Kolyandr|date=27 September 2012|access-date=7 November 2012}}

=Energy=

== EuroSibEnergo ==

EuroSibEnergo controls and manages 18 power plants with a combined installed energy capacity of 19.5 GW, including 15 GW provided by hydrogeneration. The company produces approximately 9% of all electricity in Russia and is also the leader in the Siberian energy market, with a market share totaling 41%. Some of EuroSibEnergo's key clients include the largest aluminum plants in Russia. The company owns large fuel resources, which satisfy over 85% of the coal needs of its thermal power and boiler plants. Its coal reserves amount to 1.26 billion tons, with annual coal production exceeding 12 million tons.{{Cite web|title=EuroSibEnergo (Russia): Global Sustainable Electricity Partnership|url=http://www.globalelectricity.org/en/index.jsp?p=324|website=globalelectricity.org|access-date=13 January 2016|archive-url=https://web.archive.org/web/20160207221639/http://www.globalelectricity.org/en/index.jsp?p=324|archive-date=7 February 2016|url-status=dead}}

En+ Group, of which EuroSibEnergo is a subsidiary, is investing in a joint venture with China's largest hydroelectric power generation company China Yangtze Power Co to build new power plants in Siberia, primarily hydroelectric ones, with a total capacity of up to 10 GWt.{{Cite web|title=China Three Gorges, En+ eye projects in Russia|url=http://www.chinadailyasia.com/business/2015-10/30/content_15337032.html|work=China Daily Asia|date=30 October 2015|access-date=13 January 2016}}

=Machinery=

==Russian Machines==

Russian Machines corporation was established in 2005 and unites Deripaska's machine building assets. It comprises industrial and engineering assets in the following industries: automotive OEM (GAZ Group), automotive components (RM-Systems), rail industry (RM Rail), aircraft OEM (Aviacor), road construction (RM-Terex) and agricultural machinery (AGCO-RM).{{Cite web|title=GAZ Group: Private Company Information |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=8954451|work=Businessweek|access-date=13 January 2016}}

Russian Machines Corporation manages 24 facilities located across 12 regions in Russia.

In September 2017, Deripaska entered into a joint venture through his Russian Machines ({{langx|ru|«Русские машины»}}) with AGCO called AGCO-RM SPIC project ({{langx|ru|проекта СПИКа АГКО-РМ}}).{{cite news |last=Циноева |first=Яна (Tsinoeva, Yana) |url=https://www.kommersant.ru/doc/3407851 |title=Американские трактора буксуют на СПИКе: "Русские машины" и Минпромторг спорят об условиях контракта |trans-title=American tractors skid on SPIK: Russian Machines and the Ministry of Industry and Trade are arguing about the terms of the contract |language=ru |work=Kommersant |date=11 September 2017 |access-date=29 March 2022}}{{cite news |last1=Джумайло |first1=Анатолий (Dzhumaylo, Anatoly) |last2=Дзагуто |first2=Владимир (Dzaguto, Vladimir) |last3=Циноева |first3=Яна (Tsinoeva, Yana) |last4=Райский |first4=Андрей (Raysky, Andrey) |last5=Ладыгин |first5=Дмитрий (Ladygin, Dmitry) |last6=Тарасенко |first6=Павел (Tarasenko, Pavel) |last7=Строкань |first7=Сергей (Strokan, Sergey) |last8=Черненко |first8=Елена (Chernenko, Elena) |url=https://www.kommersant.ru/doc/3597822 |title=38 попугали: Санкции США довели до российских миллиардеров |trans-title=38 parrots: US sanctions brought to Russian billionaires |language=ru |work=Kommersant |date=6 April 2018 |access-date=29 March 2022}} [http://www.compromat.ru/page_39005.htm Alternate archive] as За "разнообразную злонамеренную деятельность": "Близкие к Кремлю" миллиардеры Дерипаска, Вексельберг и Керимов под санкциями США (For "various malicious activities": "Close to the Kremlin" billionaires Deripaska, Vekselberg and Kerimov under US sanctions)

==GAZ Group==

In 2000, Deripaska started acquiring machine building assets. His first acquisition was Nizhny Novgorod-based Gorkovsky Automobile Plant (GAZ), which was previously a government-run company. In 2005, GAZ Group was established by combining Deripaska's machine building assets.{{Cite web|title=Russian GAZ Starts Chrysler Sebring Based Siber Production|url=http://www.carscoops.com/2008/07/russian-gaz-starts-chrysler-sebring.html|work=CarScoops|access-date=13 January 2016|date=28 July 2008}}

The Russian automotive conglomerate, GAZ Group, comprises 18 manufacturing facilities in eight regions of Russia, as well as sales and service organizations. GAZ Group produces light and medium commercial vehicles, heavy trucks, buses, cars, road construction equipment, power units, and automotive components.

In March 2019, GAZ Group asked the Russian government for $468 million in support claiming that US sanctions placed on Deripaska could cut production by almost 40% in the second half of that year.{{Cite web|url=https://www.themoscowtimes.com/2019/04/18/sanctions-hit-gaz-wants-government-bail-out-kommersant-a65290|title=Sanctions-hit GAZ Wants Government Bail-Out – Kommersant|date=18 April 2019|website=The Moscow Times|language=en|access-date=27 July 2019}}

==Airports==

Basel Aero, a joint venture between Changi Airports International, Basic Element and Sberbank of Russia, is a company-operator the Sochi, Krasnodar and Anapa airports.{{Cite web|title=Sochi airport prepares for Winter Olympics - Airport World Magazine|url=http://www.airport-world.com/news/general-news/2923-sochi-airport-prepares-for-winter-olympics.html|website=airport-world.com|access-date=13 January 2016|archive-date=8 February 2016|archive-url=https://web.archive.org/web/20160208170108/http://www.airport-world.com/news/general-news/2923-sochi-airport-prepares-for-winter-olympics.html|url-status=dead}}

These airports handle more than 7% of the total passenger flow in Russia.{{Cite web|title=Behind the scenes as Sochi Airport warms up for the 2014 Winter Olympic Games|url=http://www.airport-technology.com/features/featuresochi-airport-winter-olympic-games-technology-4160035/|website=Airport Technology |date=15 January 2014|access-date=13 January 2016}} Sochi International Airport was the main gateway to Sochi 2014 Winter Olympics and successfully serviced the guests and participants of the Games.

In October 2014, Sochi was granted open skies status, meaning that any foreign carrier may pick up and drop off passengers and cargo with no restrictions on aircraft type, frequency, and regardless of interstate agreements.{{Cite web|title=Sochi International Airport: Russia under wide Open Skies|url=http://www.basel.ru/en/in_focus/baselaero_23_03_2015/|work=basel.ru|access-date=13 January 2016|date=23 March 2015|archive-url=https://web.archive.org/web/20160208170115/http://www.basel.ru/en/in_focus/baselaero_23_03_2015/|archive-date=8 February 2016|url-status=dead}}

=Financial services=

Deripaska personally holds 10% of Ingosstrakh's ordinary shares. The company is a leading insurer of complex risks such as insurance for ship owners, ship hull insurance, insurance against aviation and space-related risks, and insurance of transportation companies. Ingosstrakh has 83 branches in Russia and the company's offices operate in 220 Russian towns and cities.{{Cite web|title=Deripaska Insurer's Volkov Says Ingosstrakh to Lease Out Planes|url=https://www.bloomberg.com/news/articles/2010-11-22/deripaska-insurer-s-volkov-says-ingosstrakh-to-lease-out-planes|work=Bloomberg|access-date=13 January 2016|first=Ilya|last=Khrennikov|date=22 November 2010}}

=Agribusiness=

In 2011, Deripaska established Kuban Agroholding, a 75,000-hectare agribusiness in the Krasnodar region.{{Cite web|date=2 June 2011|title=Deripaska Farm Ready for Grain Exports|url=https://www.themoscowtimes.com/2011/06/02/deripaska-farm-ready-for-grain-exports-a7378|access-date=12 March 2021|website=The Moscow Times|language=en}} The company integrates two dairy farms, а 16,000 pig capacity breeding complex, three elevators with non-recurrent grain storage capacity of more than 270,000 tonnes, three grain processing plants, a sugar factory and the Sunrise horse breeding farm, specializing in the breeding of English thoroughbred horses. It is one of the top-20 largest agribusinesses and top-5 most efficient land users in Russia.{{Cite journal|title=Russia's Kuban Agroholding launches slaughterhouses, hog farm| url=https://issuu.com/farmingmonthly/docs/february_2015_farming_monthly_natio/12?e=15147366/11395275|journal=Farming Monthly|date=February 2015|access-date=13 January 2016}}

Kuban Agroholding is one of the few agrocompanies in Russia involved in embryo transfer technology that allows for the reproduction of high-yielding milk cows using less-productive surrogates.{{Cite web|title=Interview: R&D and innovation are key in race to boost Russia's farm output|url=https://www.agra-net.com/agra/agra-europe/analysis/interview-rd-and-innovation-are-key-in-race-to-boost-russia-s-farm-output-467790.htm|work=Agra-net.com|access-date=13 January 2016|archive-url=https://web.archive.org/web/20160203194802/https://www.agra-net.com/agra/agra-europe/analysis/interview-rd-and-innovation-are-key-in-race-to-boost-russia-s-farm-output-467790.htm|archive-date=3 February 2016|url-status=dead}}

The company has gained significant media attention for its corn-seeding program, deploying several dozen corn brands selected by its genetic specialists.

According to Forbes in June 2019, Deripaska's Kuban land bank was the fourteenth largest in Russia.{{cite news |last1=Попов |first1=Игорь (Popov, Igor) |last2=Ляликова |first2=Анастасия (Lyalikova, Anastasia) |last3=Плешков |first3=Максим (Pleshkov, Maxim) |url=https://www.forbes.ru/milliardery-photogallery/378069-hozyaeva-zemli-russkoy-20-samyh-dorogih-zemlevladeniy-rossii-reyting |title=Хозяева земли русской: 20 самых дорогих землевладений России. Рейтинг Forbes |trans-title=The owners of the Russian land: 20 most expensive land holdings in Russia. Forbes rating |language=ru |work=Forbes |date=17 June 2019 |access-date=29 March 2022 |archive-date=30 March 2022 |archive-url=https://web.archive.org/web/20220330022603/https://www.forbes.ru/milliardery-photogallery/378069-hozyaeva-zemli-russkoy-20-samyh-dorogih-zemlevladeniy-rossii-reyting}} [http://www.compromat.ru/page_40333.htm Alternate archive]

=Redut PMC=

{{Main|Redut (company)}}

Redut, also known as Redoubt or Redut-Antiterror and formerly known as "Shield",{{Cite web |date=10 August 2022 |title=Пехота пуще неволи |trans-title=Infantry is worse than a jail time|url=https://novayagazeta.eu/articles/2022/08/10/pekhota-pushche-nevoli |archive-url=https://archive.today/20220814111043/https://novayagazeta.eu/articles/2022/08/10/pekhota-pushche-nevoli |archive-date=14 August 2022 |access-date=19 June 2023 |website=Novaya Gazeta |language=ru}}{{Cite web |date=10 November 2022 |title=Зона поражения |trans-title=The kill zone|url=https://novayagazeta.eu/articles/2022/11/10/zona-porazheniia |archive-url=https://archive.today/20230620114054/https://novayagazeta.eu/articles/2022/11/10/zona-porazheniia |archive-date=20 June 2023 |access-date=20 June 2023 |website=Novaya Gazeta |language=ru}} is a Russian Private Military and Security Company (PMSC) that is part of the "Antiterror-family". Redut consists of similarly named PMSCs which protect commercial operations of Russian companies.{{Cite web |title=РЕГИОНАЛЬНАЯ ОБЩЕСТВЕННАЯ ОРГАНИЗАЦИЯ "ВЕТЕРАНОВ МИРОТВОРЧЕСКИХ МИССИЙ И ЛОКАЛЬНЫХ КОНФЛИКТОВ" |trans-title=REGIONAL PUBLIC ORGANIZATION "VETERANS OF PEACEKEEPING MISSIONS AND LOCAL CONFLICTS"|url=https://zachestnyibiznes.ru/company/ul/1077799027547_7713386568_ |archive-url=https://archive.today/20190708000118/https://zachestnyibiznes.ru/company/ul/1077799027547_7713386568_#selection-1591.0-1591.81 |archive-date=8 July 2019 |access-date=3 May 2023 |website=Registry for the Association of Veterans of Peacekeeping and Local Conflict Missions (Zachestnyibiznes)}} Redut is currently deployed by Russia in the Russian invasion of Ukraine,{{Cite web |title=Tracing Wagner's Roots |url=https://www.newamerica.org/international-security/reports/decoding-wagner-group-analyzing-role-private-military-security-contractors-russian-proxy-warfare/tracing-wagners-roots/ |archive-url=https://archive.today/20220509152903/https://www.newamerica.org/international-security/reports/decoding-wagner-group-analyzing-role-private-military-security-contractors-russian-proxy-warfare/tracing-wagners-roots/ |archive-date=9 May 2022 |access-date=3 May 2023 |website=New America}}{{Cite web |title=Private Military Company Redut |url=https://www.opensanctions.org/entities/NK-9iEp7sqxGYKEzvhd2qyeWC/ |access-date=3 May 2023 |website=OpenSanctions |date=13 December 2019 |archive-date=27 April 2023 |archive-url=https://web.archive.org/web/20230427235812/https://www.opensanctions.org/entities/NK-9iEp7sqxGYKEzvhd2qyeWC/ |url-status=live}}{{Cite web |title=Long sentences passed on 'Redut' mercenaries fighting Russia's war against Ukraine with Finnish citizen's funding |url=https://khpg.org/en/1608811793 |archive-url=https://archive.today/20230503191107/https://khpg.org/en/1608811793 |archive-date=3 May 2023 |access-date=3 May 2023 |website=Kharkiv Human Rights Protection Group}}{{Cite web |title=The Emergence of Russian Private Military Companies: A New Tool of Clandestine Warfare |url=https://publications.ffi.no/en/item/asset/dspace:6751/1811576.pdf |archive-url=https://web.archive.org/web/20230426120841/https://publications.ffi.no/en/item/asset/dspace:6751/1811576.pdf |archive-date=26 April 2023 |access-date=3 May 2023 |website=Norwegian Defence Research Establishment (FFI)}} for which it was sanctioned.{{Cite web |date=15 April 2021 |title=Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation |url=https://www.federalregister.gov/documents/2021/04/19/2021-08098/blocking-property-with-respect-to-specified-harmful-foreign-activities-of-the-government-of-the |archive-url=https://archive.today/20210427205503/https://www.federalregister.gov/documents/2021/04/19/2021-08098/blocking-property-with-respect-to-specified-harmful-foreign-activities-of-the-government-of-the |archive-date=27 April 2021 |access-date=11 June 2023 |website=Federal Register}} Several fighters of the group have been convicted of war crimes during the invasion.

Oleg Deripaska and Gennady Timchenko reportedly are major backers of the company. The PMC received armored personnel carriers, helmets, and protective vests from them.{{Cite web |last=svizzera |first=RSINews, l’informazione della Radiotelevisione |title=Mercenari russi e quel legame con la Svizzera |trans-title=Russian mercenaries and their connection to Switzerland|url=https://www.rsi.ch/news/mondo/Mercenari-russi-e-quel-legame-con-la-Svizzera-15978238.html |archive-url=https://archive.today/20230305114914/https://www.rsi.ch/news/mondo/Mercenari-russi-e-quel-legame-con-la-Svizzera-15978238.html |archive-date=5 March 2023 |access-date=2023-05-03 |website=rsi |date=30 January 2023 |language=it}}{{Cite web |title=Die Spur einer Söldnerbande führt auch in die Schweiz |trans-title=The trail of a mercenary band also leads to Switzerland|url=https://www.bluewin.ch/de/news/schweiz/das-verbindet-russische-soeldner-mit-der-schweiz-1606961.html |archive-url=https://archive.today/20230503191805/https://www.bluewin.ch/de/news/schweiz/das-verbindet-russische-soeldner-mit-der-schweiz-1606961.html |archive-date=3 May 2023 |access-date=2023-05-03 |website=blue News |language=de}}

Deripaska refutes these claims, saying that he had "never provided any form of support, financing or backing to any military companies or groups".{{Cite web |last=ebaker |date=2023-04-28 |title=Russian War Report: Updated Google Earth imagery details destruction in Mariupol |url=https://www.atlanticcouncil.org/blogs/new-atlanticist/russian-war-report-updated-google-earth-mariupol/ |access-date=2024-06-20 |website=Atlantic Council |language=en-US}}{{Cite news |last=Kemp |first=Richard |date=2023-06-04 |title=The private armies Putin has unleashed on Ukraine may lead to his downfall |url=https://www.telegraph.co.uk/news/2023/06/04/vladimir-putin-private-armies-may-lead-to-his-downfall/ |access-date=2024-06-20 |work=The Telegraph |language=en-GB |issn=0307-1235}}{{Cite web |last=Matthews |first=Owen |date=2023-06-28 |title=The Wagner Group isn't Russia's only private army |url=https://www.spectator.co.uk/article/the-wagner-group-isnt-russias-only-private-army/ |access-date=2024-06-20 |website=The Spectator |language=en-US}}{{Cite web |date=2023-06-28 |title=Russland: Der Wagner-Chef und seine Milliarden im Kofferraum - WELT |url=https://www.welt.de/wirtschaft/plus246068166/Russland-Der-Wagner-Chef-und-seine-Milliarden-im-Kofferraum.html |access-date=2024-06-20 |website=DIE WELT |language=de}}

= Other roles =

In 2004, Deripaska was appointed by the President of Russia to represent the country in the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC). He has been Chairman of ABAC Russia since 2007. Deripaska is the vice president of the Russian Union of Industrialists and Entrepreneurs, chairman of the executive board of the Russian national committee of the International Chamber of Commerce and a member of the Competitiveness and Entrepreneurship Council, an agency of the Russian government.[http://www.deripaska.com/about-oleg-deripaska/biography Oleg Deripaska biodata] {{webarchive|url=https://web.archive.org/web/20110721132612/http://www.deripaska.com/about-oleg-deripaska/biography|date=21 July 2011}}. Retrieved 12 May 2012.

Since 2007 he has been a permanent participant at World Economic Forum sessions , when RUSAL became a WEF "strategic partner".{{Cite web|title=Oleg V. Deripaska|url=http://www.weforum.org/contributors/oleg-v-deripaska|publisher=World Economic Forum|access-date=13 January 2016|archive-url=https://web.archive.org/web/20150404232416/http://www.weforum.org/contributors/oleg-v-deripaska|archive-date=4 April 2015|url-status=dead}}

Investigations

In 2009 Deripaska had been interrogated as a witness in Spain and England and by the FBI about money laundering, he was never charged with any crimes.{{cite news| url=https://www.wsj.com/articles/SB125685578903317087 |work=The Wall Street Journal |title=FBI Lets Barred Tycoon Visit U.S |first1=Evan |last1=Perez |first2=Gregory L. |last2=White |date=30 October 2009}}

On 25 January 2010, the Financial Times published a story titled "Rusal: A lingering heat" exploring Deripaska's business relations with Sergei Popov and Anton Malevsky, alleged heads of Russian organized crime groups.{{cite web|url=http://www.ft.com/cms/s/0/70a1c458-09ff-11df-8b23-00144feabdc0.html?nclick_check=1 |title=/ Comment / Analysis – Rusal: A lingering heat |work=Financial Times |date=25 January 2010 |access-date=14 May 2011}} Deripaska has accused Michael Chernoy of using Malevsky and the Izmailovskaya syndicate to extort US$250 million from him as part of a protection racket.{{cite news|url=https://www.independent.co.uk/news/uk/home-news/clash-of-the-oligarchs-1753022.html|title=Clash of the oligarchs|work=The Independent|location=UK|date=20 July 2009|access-date=14 May 2011|first=Donald|last=MacIntyre}} However, Deripaska has himself been accused of having similar links to Malevsky, who, with his brother Andrei, owned a 10% stake in Deripaska's company. Deripaska denies the claims.Swinford, Steven, "Peter Mandelson oligarch Oleg Deripaska linked to mafia boss", The Sunday Times (London), 26 October 2008.

In 2011, Deripaska and Iskander Makhmudov (head of UGMK) were asked by Spanish police to answer questions in relation to a money-laundering enquiry.{{cite web|url=https://www.elmundo.es/papel/2010/03/21/mercados/23228430.html |title=Quiosco, El Mundo en ORBYT |work=El Mundo|location=Spain |access-date=14 May 2011}}

In November 2011, Spain's High Court sent the criminal cases against Deripaska to the Russian General Prosecutor's office because the root of the cases is Russian.{{cite news|url=http://en.gazeta.ru/news/2011/11/25/a_3848274.shtml|title=Russian Tycoon Deripaska's case given to Russia's court by Spain|publisher=gazeta.ru|first=Darya|last=Ispolnova|date=25 November 2011|access-date=28 November 2011|archive-date=15 April 2012|archive-url=https://web.archive.org/web/20120415095926/http://en.gazeta.ru/news/2011/11/25/a_3848274.shtml|url-status=dead}}

Political relationships and controversies

File:Vladimir Putin 19 March 2002-4.jpg and Deripaska, 19 March 2002]]

=Vladimir Putin=

Deripaska is known for his close ties with Russian president Vladimir Putin. Their relationship became visibly strained amidst Deripaska's financial struggles in 2009. In an incident broadcast on Russian television, Putin visited a stalled cement factory owned by Deripaska and berated its management. He forced Deripaska to sign a contract promising to pay nearly $1 million in unpaid wages.{{cite news|last1=Oliphant|first1=Roland|title=Fifteen years of Vladimir Putin: in quotes|url=https://www.telegraph.co.uk/news/worldnews/vladimir-putin/11588182/Fifteen-years-of-Vladimir-Putin-in-quotes.html|access-date=25 May 2017|work=The Daily Telegraph|date=7 May 2015|language=en}}{{cite news|last1=Reynolds|first1=Leda|title=ISIS beware: THIS is how hardman Russian President Vladimir Putin gets things DONE|url=https://www.express.co.uk/news/world/610552/ISIS-beware-THIS-is-how-hardman-Vladimir-Putin-gets-things-DONE|access-date=25 May 2017|work=The Express| date=7 October 2015|language=en}} Their relationship recovered, however, and Deripaska has been described as "Putin's favorite industrialist".{{cite news|last1=Marcin|first1=Tim|title=Meet Oleg Deripaska, who allegedly worked with former Trump aide Paul Manafort to push Putin's views| url=https://www.newsweek.com/who-oleg-deripaska-paul-manafort-russian-putin-572157|access-date=25 May 2017|work=Newsweek|date=22 March 2017|language=en}} Leaked U.S. diplomatic cables from 2006 described Deripaska as "among the 2–3 oligarchs Putin turns to on a regular basis" and "a more-or-less permanent fixture on Putin's trips abroad".{{cite news|last1=Horowitz| first1=Jeff|last2=Day|first2=Chad|title=AP findings on Trump associate's work for Russian oligarch|url=https://apnews.com/ba0027b4c29a4863b096d7216ee0ca58/ap-findings-trump-associates-work-russian-oligarch|access-date=25 May 2017|work=Associated Press|date=22 March 2017}} In a 2011 interview with The Globe and Mail, Kinross Gold CEO Tye Burt, who knows Deripaska, said "I believe Russia recognizes Oleg's major role in building a renewed economic base in a broad range of domestic businesses and rejuvenating ailing companies and infrastructure."

=Nathaniel Rothschild and Peter Mandelson=

Deripaska is a friend of Nathaniel Rothschild, a major investor in both Glencore and United Company RUSAL. Together Deripaska and Rothschild hosted George Osborne and Peter Mandelson on Deripaska's yacht in Corfu in the summer of 2008.

{{cite news|url=https://www.independent.co.uk/opinion/leading-articles/leading-article-the-flawed-judgement-of-a-shadow-chancellor-968549.html|archive-url=https://web.archive.org/web/20100723091059/http://www.independent.co.uk/opinion/leading-articles/leading-article-the-flawed-judgement-of-a-shadow-chancellor-968549.html|url-status=dead|archive-date=23 July 2010|title=Leading article: The flawed judgement of a shadow Chancellor|date=22 October 2008|work=The Independent|location=UK|access-date=23 November 2009}} Osborne was then Shadow Chancellor of the Exchequer of the United Kingdom and a friend of Rothschild from school and university. Peter Mandelson has reportedly maintained private contacts over several years with Deripaska.{{cite news|url=http://www.timesonline.co.uk/tol/news/politics/article4982163.ece|title=Lord Mandelson and Oleg Deripaska dined together 'a year before they met'|last=Robertson|first=David|date=21 October 2008|newspaper=The Times|location=UK|access-date=23 October 2008}}{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}}

News of the contacts sparked criticism because, as European Union Trade Commissioner, Mandelson had been responsible for decision to cut aluminium tariffs from 6 to 3%, a decision that had benefited Deripaska's Company RusAl.{{cite news|url=http://www.moscowtimes.ru/article/1010/42/371829.htm|title=UK Conservatives Linked to Deripaska|date=22 October 2008|newspaper=The Moscow Times |access-date=23 October 2008|url-status=dead|archive-url=https://web.archive.org/web/20081126051311/http://www.moscowtimes.ru/article/1010/42/371829.htm|archive-date=26 November 2008}} Mandelson insisted that he had never discussed aluminium tariffs with Deripaska.{{cite news |url=http://www.timesonline.co.uk/tol/news/politics/article4932191.ece|title=Peter Mandelson dogged by his links to Russian oligarch|date=13 October 2008|newspaper=The Times|last2=Charter|first2=David|location=UK|access-date=23 October 2008|first1=David|last1=Robertson}}{{dead link|date=September 2024|bot=medic}}{{cbignore|bot=medic}} On 26 October 2008 the Shadow Foreign Secretary William Hague claimed the "whole country" wanted "transparency" about Mandelson's previous meetings with Deripaska. In response, Prime Minister Gordon Brown said Mandelson's dealings with Deripaska had been "found to be above board".{{cite news|url=http://news.bbc.co.uk/1/hi/uk_politics/7691678.stm|title=Tories seek Mandelson 'clarity'|date=26 October 2008|work=BBC News|access-date=30 October 2008}} Mandelson said that meeting business figures from "across the range" in emerging economies was part of his brief as EU Trade Commissioner.{{cite news|url=https://www.theguardian.com/politics/2008/oct/28/peter-mandelson-oleg-deripaska-corfu|title=Mandelson silent on Deripaska|last=Parfitt|first=Tom|date=28 October 2008|newspaper=The Guardian|location=UK|access-date=30 October 2008}} On 29 October 2008, while Mandelson was on a ministerial visit to Moscow,{{cite news|url=https://www.theguardian.com/politics/2008/oct/29/russia-mandelson|title=Mandelson hails thaw in relations with Moscow|last=Parfitt|first=Tom|date=29 October 2008|work=The Guardian|location=UK|access-date=30 October 2008}} it was alleged in the British press that Valery Pechenkin, the head of security at Deripaska's company Basic Element, organised a swift entry visa for Mandelson when he came to Moscow to visit Deripaska in 2005.{{cite news|url=http://www.thisislondon.co.uk/standard/article-23579423-details/Veteran+KGB+spy+revealed+as+Deripaska%27s+right-hand+man/article.do|archive-url=https://web.archive.org/web/20081101053919/http://www.thisislondon.co.uk/standard/article-23579423-details/Veteran+KGB+spy+revealed+as+Deripaska%27s+right-hand+man/article.do|url-status=dead|archive-date=1 November 2008|title=Veteran KGB spy revealed as Deripaska's right-hand man|date=29 October 2008|work=London Evening Standard|access-date=30 October 2008}}

=Paul Manafort=

On 22 March 2017, the Associated Press published a report alleging that Paul Manafort, Donald Trump's former presidential campaign manager, negotiated a $10 million annual contract with Deripaska to promote Russian interests in politics, business, and media coverage in Europe and the United States, starting in 2005.{{Cite news|url=https://www.apnews.com/122ae0b5848345faa88108a03de40c5a/Manafort's-plan-to-'greatly-benefit-the-Putin-Government|title=Trump campaign chief linked to Putin interests|last=HORWITZ and DAY|date=22 March 2017|work=Associated Press|access-date=22 March 2017|archive-url=https://web.archive.org/web/20170402165112/https://www.apnews.com/122ae0b5848345faa88108a03de40c5a/Manafort's-plan-to-'greatly-benefit-the-Putin-Government|archive-date=2 April 2017|url-status=dead}} Both Deripaska and Manafort confirmed working together in the past,{{Cite news|url=https://www.yahoo.com/news/know-paul-manafort-links-oleg-224806634.html|title=What We Know About Paul Manafort's Links to Oleg Deripaska and the Kremlin|access-date=5 April 2017|language=en-US|archive-date=5 April 2017|archive-url=https://web.archive.org/web/20170405174032/https://www.yahoo.com/news/know-paul-manafort-links-oleg-224806634.html|url-status=dead}} but rejected the contents of the AP story. Manafort argued that his work had been inaccurately presented, and that there was nothing “inappropriate or nefarious" about it.{{Cite news|url=https://thehill.com/policy/international/russia/326170-russian-billionaire-i-didnt-aid-putin-with-manafort/|title=Russian billionaire denies aiding Putin with Manafort|last=Hensch|first=Mark|date=28 March 2017|work=The Hill|access-date=2 June 2017}}{{Cite web|url=https://www.theguardian.com/world/2019/jan/29/oleg-deripaska-paul-manafort-trump-russia-investigation|title=Is Oleg Deripaska the missing link in the Trump-Russia investigation?|website=TheGuardian.com|date=29 January 2019}}

Responding to the allegations, on 28 March 2017, Deripaska published open letters in the print editions of The Washington Post and The Wall Street Journal in which he denied having signed a $10 million contract with Manafort in order to benefit the Putin government.{{Cite news|url=https://www.washingtonpost.com/politics/russian-manafort-client-willing-to-speak-to-congress/2017/03/28/1add6c1a-13e9-11e7-bb16-269934184168_story.html|archive-url=https://web.archive.org/web/20170328220816/https://www.washingtonpost.com/politics/russian-manafort-client-willing-to-speak-to-congress/2017/03/28/1add6c1a-13e9-11e7-bb16-269934184168_story.html|url-status=dead|archive-date=28 March 2017|title=Russian Manafort client: Willing to speak to Congress|newspaper=Washington Post| access-date=5 April 2017}} He also stated willingness to testify before the United States Congress about these allegations,{{Cite news|url=https://www.washingtonpost.com/politics/russian-manafort-client-willing-to-speak-to-congress/2017/03/28/1add6c1a-13e9-11e7-bb16-269934184168_story.html|archive-url=https://web.archive.org/web/20170328220816/https://www.washingtonpost.com/politics/russian-manafort-client-willing-to-speak-to-congress/2017/03/28/1add6c1a-13e9-11e7-bb16-269934184168_story.html|url-status=dead|archive-date=28 March 2017|title=Russian Manafort client: Willing to speak to Congress|newspaper=Washington Post|access-date=5 April 2017}} and argued that the accusations were part of "the negative context of current US-Russian relations."{{Cite news|url=https://www.independent.co.uk/news/world/americas/russian-billionaire-oleg-deripaska-paul-manafort-ties-donald-trump-campaign-manager-us-congress-a7655291.html|title=Russian billionaire with ties to Trump's ex-campaign manager says he is willing to testify before Congress|date=29 March 2017|work=The Independent|access-date=4 April 2017|language=en-GB}} Congressional sources cited by The New York Times said lawmakers declined Deripaska's request{{Clarification needed|date=January 2023}} after he had asked for immunity from criminal prosecution. Unnamed officials argued that "immunity agreements create complications for federal criminal investigators".{{Cite news|url=https://www.nytimes.com/2017/05/26/us/politics/oleg-deripaska-paul-manafort.html|title=Russian Once Tied to Trump Aide Seeks Immunity to Cooperate With Congress|last1=Meier|first1=Barry|date=26 May 2017|work=The New York Times|access-date=2 June 2017|last2=Drucker|first2=Jesse|language=en-US|issn=0362-4331}}

On 15 May 2017, Deripaska filed a defamation and libel lawsuit against the Associated Press in U.S. District Court in D.C., arguing that{{Cite web|url=http://www.politico.com/f/?id=0000015c-0e98-de0a-a15e-1f9900d90000|title=Oleg V. Deripaska v. The Associated Press|publisher=United States District Court for the District of Columbia|date=15 May 2017|access-date=27 May 2017}}{{Cite web|url=https://fortune.com/2017/05/16/donald-trump-paul-manafort-campaign-ap-lawsuit |title=Russian Magnate Sues AP Over Story on Trump Campaign Ties|website=Fortune|access-date=22 May 2017}} the report falsely claimed that Deripaska had signed a contract with Manafort to advance the goals of the Russian government.{{Cite news|url=http://www.politico.com/blogs/under-the-radar/2017/05/15/russian-oligarch-deripaska-manafort-238419|title=Russian oligarch Deripaska sues AP for libel|work=Politico|access-date=22 May 2017}} The lawsuit was dismissed in October 2017 on the grounds that Deripaska had not disputed "any material facts" in the story by the Associated Press.{{cite news|url=https://www.rferl.org/a/russia-rybkagate-rolls-on-sex-lies-instagram-deripaska-prikhodko/29031221.html|title=Sex, Lies, And Instagram: Russia's 'Rybkagate' Rolls On|newspaper=Radio Free Europe/Radio Liberty|date=9 February 2018 |access-date=5 March 2018|last1=Schreck |first1=Carl}}

While Manafort served within the 2016 U.S. presidential campaign, it is alleged that Manafort, via Kyiv-based operative Konstantin Kilimnik, offered to provide briefings on political developments to Deripaska.{{cite news |url=https://www.washingtonpost.com/politics/manafort-offered-to-give-russian-billionaire-private-briefings-on-2016-campaign/2017/09/20/399bba1a-9d48-11e7-8ea1-ed975285475e_story.html |date=20 September 2017 |title=Manafort offered to give Russian billionaire 'private briefings' on 2016 campaign |first1=Tom |last1=Hamburger |first2=Rosalind S. |last2=Helderman |first3=Carol D. |last3=Leonnig |first4=Adam |last4=Entous |archive-url=https://web.archive.org/web/20170921003301/https://www.washingtonpost.com/politics/manafort-offered-to-give-russian-billionaire-private-briefings-on-2016-campaign/2017/09/20/399bba1a-9d48-11e7-8ea1-ed975285475e_story.html |archive-date=21 September 2017 |newspaper=The Washington Post}}{{cite news |publisher=Politico |title=Manafort used Trump campaign account to email Ukrainian operative |first=Josh |last=Dawsey |date=20 September 2017 |archive-url=https://web.archive.org/web/20170921003929/http://www.politico.com/story/2017/09/20/paul-manafort-trump-campaign-email-ukrainian-operative-242949 |archive-date=21 September 2017 |url=http://www.politico.com/story/2017/09/20/paul-manafort-trump-campaign-email-ukrainian-operative-242949}} Behaviors such as these were seen by writers at The Atlantic as an attempt by Manafort "to please an oligarch tied to" Putin's government.{{cite web|url=https://www.theatlantic.com/politics/archive/2017/10/emails-suggest-manafort-sought-approval-from-putin-ally-deripaska/541677 |title=Did Manafort Use Trump to Curry Favor With a Putin Ally? Emails turned over to investigators detail the former campaign chair's efforts to please an oligarch tied to the Kremlin. |author=Julia Ioffe and Franklin Foer |date=2 October 2017 |work=The Atlantic |access-date=3 October 2017}}

= Alleged involvement in Russian interference in the 2016 United States elections =

{{main|Anastasia Vashukevich}}

In February 2018, Alexei Navalny published a video about a meeting between Deripaska and Deputy Prime Minister of Russia Sergei Eduardovich Prikhodko on a yacht traveling near Norway. According to Navalny, Deripaska probably served as a middle man between the Russian government represented by Prikhodko and Paul Manafort during Russian interference in the 2016 United States elections. Prikhodko denied the allegations, accusing Navalny of "mixing the facts" about his "friend" Deripaska, Donald Trump and Paul Manafort, while also voicing his wish to have talk with Navalny as a "man with a man".{{Cite web|url=https://www.rbc.ru/politics/09/02/2018/5a7dc6479a7947a4be81bebb|title=Вице-премьер Приходько заявил о желании ответить Навальному по-мужски|date=9 February 2018 |publisher=РБК|access-date=10 February 2018}}{{Cite news|access-date=10 February 2018|work=Meduza|script-title=ru:Роскомнадзор потребовал от «Медиазоны» и «Радио Свобода» удалить фотографии из новости про Дерипаску, Приходько и Рыбку|url=https://meduza.io/news/2018/02/09/roskomnadzor-potreboval-ot-mediazony-udalit-fotografii-iz-novosti-pro-deripasku-prihodko-i-rybku|language=ru-RU}}{{Cite news|access-date=10 February 2018|title=Вице-премьер Приходько хочет ответить Навальному по-мужски|url=https://ura.news/news/1052323171}}

A day after the video was published the Roskomnadzor added the video to the Federal List of Extremist Materials, thus making accessing the video illegal for all Russian citizens.{{Cite news|access-date=10 February 2018|date=10 February 2018|work=Interfax.ru|script-title=ru:Суд включил в реестр запрещенной информации фильм ФБК о Дерипаске и Приходько|url=https://www.interfax.ru/russia/599352|language=ru-RU}} It also ordered YouTube to remove seven videos and Instagram to take down 14 points that were cited in the investigation; neither YouTube nor Instagram had responded as of 12 February 2018. According to a Roskomnadzor representative who spoke to Vedomosti, a "court injunction of this sort against content hosted on Instagram and YouTube is unprecedented for Russia". The New York Times noted that this may presage a "more aggressive approach by the Russian government" to control online activities.{{cite news|last1=Luxmoore|first1=Matthew|title=Russia Threatens to Block YouTube and Instagram, After Complaints From an Oligarch|url=https://www.nytimes.com/2018/02/12/world/europe/russia-youtube-instagram-navalny.html|access-date=13 February 2018|work=New York Times|date=12 February 2018}}

In March 2018, fearing her own death while incarcerated in Bangkok, Anastasia Vashukevich, a Belarusian escort also known as Nastya Rybka who claimed to have over 16 hours of audio recordings she said could shed light on possible Russian interference in American elections.{{cite news |last=ДВАЛИ |first=Наталия |url=https://english.gordonua.com/news/exclusiveenglish/former-kgb-agent-shvets-deripaska-supplied-to-ukraine-special-equipment-for-spying-on-us-embassy-and-diplomats-617515.html |title=Former KGB agent Shvets: Deripaska supplied to Ukraine special equipment for spying on U.S. embassy and diplomats |work=«ГОРДОН» (gordonua.com) |date=28 December 2018 |access-date=16 May 2025 |archive-url=https://web.archive.org/web/20240814215845/https://english.gordonua.com/news/exclusiveenglish/former-kgb-agent-shvets-deripaska-supplied-to-ukraine-special-equipment-for-spying-on-us-embassy-and-diplomats-617515.html |archive-date=14 August 2024}} She offered the recordings to American authorities in exchange for asylum, but was deported and arrested in a Russian airport. Vashukevich said the recordings from August 2016 include Deripaska discussing the United States presidential election with three English-speakers who Vashukevich believed were American. "Deripaska had a plan about elections", Vashukevich said. In court, Vashukevich apologized to Deripaska, and said Russian agents visited her in jail to urge her to cease public statements about him. The New York Times argued that her claims might be easily dismissed were it not for the Navalny video.{{cite news|url=https://www.nytimes.com/2018/03/05/world/asia/nastya-rybka-trump-putin.html|title=Escort Says Audio Recordings Show Russian Meddling in U.S. Election|first=Richard C.|last=Paddock|newspaper=The New York Times|date=5 March 2018|access-date=5 March 2018}} Deripaska denies an intimate history with Vashukevich.

Sanctions

; Australian sanctions

On 18 March 2022, Australia added Deripaska to its sanctions list.{{cite news |url=https://www.abc.net.au/news/2022-03-18/oleg-deripaska-gladstone-alumina-refinery-australia-sanction/100920488 |title=Russian oligarchs with business interests in Australia sanctioned amid Ukraine war |last=Belot |first=Henry |website=ABC News |date=18 March 2022 |access-date=26 March 2022}}

; Canada sanctions

Sanctioned by Canada under the Special Economic Measures Act (S.C. 1992, c. 17) in relation to the Russian invasion of Ukraine for Grave Breach of International Peace and Security.{{cite web |title=Special Economic Measures (Russia) Regulations (SOR/2014-58) |date=18 May 2023 |url=https://laws-lois.justice.gc.ca/eng/regulations/SOR-2014-58/page-4.html#docCont |access-date=24 June 2023}}

; European Union sanctions

On 8 April 2022, the EU added Deripaska to its sanctions list, freezing his assets and imposing a travel ban in all member states.{{Cite web |last=Brussels |first=Shona Murray in |date=2022-04-08 |title=Rusal shareholder Oleg Deripaska sanctioned by EU |url=https://www.irishexaminer.com/news/arid-40847762.html |access-date=2022-04-09 |website=Irish Examiner |language=en}} On 30 November 2022, Deripaska filed an appeal against the EU's decision to sanction him.{{Cite web |title=CURIA - Case information |url=https://curia.europa.eu/juris/fiche.jsf?id=T;732;22;RD;1;P;1;T2022/0732/P&nat=or&mat=or&pcs=Oor&jur=C,T,F&for=&jge=&dates=&language=en&pro=&cit=none%252CC%252CCJ%252CR%252C2008E%252C%252C%252C%252C%252C%252C%252C%252C%252C%252Ctrue%252Cfalse%252Cfalse&oqp=&td=;ALL&avg=&lgrec=en&parties=deripaska&lg=&cid=50167%22%20%5Cl%20%22topOfResultDiv |access-date=2023-02-17 |website=curia.europa.eu}}

Ukraine is claiming that assets belonging to Deripaska have been moved into the name of Siegfried Wolf an Austrian citizen, who is paid by Deripaska, to avoid sanctions.{{cite web |title=Russian oligarch registers assets in name of Austrian national to avoid sanctions - watchdog |date=25 March 2023 |url=https://www.ukrinform.net/rubric-economy/3687412-russian-oligarch-registers-assets-for-austrian-national-to-avoid-sanctions-watchdog.html |access-date=25 March 2023}}

; UK sanctions

Following the 2022 Russian invasion of Ukraine, Deripaska was sanctioned by the British government which involved freezing his assets and a travel ban.{{Cite web |last=Prynn |first=Jonathan |date=10 March 2022 |title=Oleg Deripaska: Billionaire once named Russia's richest man added to sanctions list |url=https://www.standard.co.uk/news/uk/oleg-deripaska-billionaire-russian-oligarch-uk-sanctions-list-b987301.html |access-date=10 March 2022 |website=Evening Standard |language=en}}{{cite web |title=CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK |url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1150217/Russia.pdf |access-date=16 April 2023}}

Deripaska-linked UK company Terra Services Ltd was raided in December 2018.{{cite web|url=https://www.bloomberg.com/news/articles/2019-10-18/deripaska-linked-firm-was-raided-for-undisclosed-u-s-inquiry |title=Oleg Deripaska-Linked Firm Was Raided for Undisclosed U.S. Inquiry |author=Jonathan Browning |date=18 October 2019 |website=bloomberg.com |access-date=20 October 2019}}

; U.S. sanctions

{{See also|Countering America's Adversaries Through Sanctions Act}}

In April 2018, the United States imposed sanctions on Deripaska and 23 other Russian tycoons and officials.{{cite web |url=https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180406.aspx |title=Ukraine-/Russia-related Designations and Identification Update|date=6 April 2018 |website=United States Department of the Treasury |access-date=6 April 2018}}{{cite web |url=https://meduza.io/news/2018/04/06/ssha-vveli-sanktsii-protiv-36-rossiyskih-biznesmenov |script-title=ru:США ввели санкции против семи российских олигархов и 17 чиновников из «кремлевского списка» |trans-title=The US imposed sanctions against seven Russian oligarchs and 17 officials from the "Kremlin list" |date=6 April 2018 |website=Meduza |access-date=6 April 2018 |language=ru}} The statement of the United States Department of the Treasury said that Deripaska "ha[d] been accused of threatening the lives of business rivals, illegally wiretapping a government official, and taking part in extortion and racketeering".{{cite web |url=https://home.treasury.gov/news/press-releases/sm0338 |title=Treasury Designates Russian Oligarchs, Officials, and Entities in Response to Worldwide Malign Activity|date=6 April 2018 |website=United States Department of the Treasury |access-date=11 April 2018}}

In May 2018, it was reporteted that Deripaska had to return three private jets owned by Credit Suisse and Raiffeisen.{{Cite news |date=2018-05-10 |title=Exclusive: Sanctioned Russian tycoon hands back his private jets |language=en |work=Reuters |url=https://www.reuters.com/article/us-usa-sanctions-russia-rusal-jets-exclu-idUSKBN1IB2JR |access-date=2023-03-20}}

In October 2018 the U.S. Treasury announced that it had extended until 12 December a deadline for the full imposition of sanctions against Rusal and its parent company En+ Group, pending the review of the proposals presented by En+ Group to the U.S. government that would see Deripaska reduce his stake in En+ to below 45 per cent from around 70 per cent.{{Cite web|url=https://www.ft.com/content/2616733e-ce27-11e8-9fe5-24ad351828ab|title=US delays start date for sanctions on Deripaska's Rusal|newspaper=Financial Times|language=en-GB|date=12 October 2018}}

In January 2019 the U.S. Treasury lifted the sanctions on companies formerly controlled by Deripaska. Sanctions on Deripaska himself remained in effect.{{cite web|url=https://www.cnbc.com/2019/01/27/u-s-lifts-sanctions-on-rusal-other-firms-linked-to-russias-deripaska.html|title=U.S. lifts sanctions on firms linked to Russia's Deripaska|website=CNBC|date=27 January 2019|access-date=1 February 2019|archive-date=1 April 2019|archive-url=https://web.archive.org/web/20190401093634/https://www.cnbc.com/2019/01/27/u-s-lifts-sanctions-on-rusal-other-firms-linked-to-russias-deripaska.html|url-status=dead}} In April 2019, the U.S. Treasury Department nonetheless allowed Deripaska to transfer 10.5 million shares of his holding company En+ Group to a trust fund for his children as part of a divorce settlement with his ex-wife Polina Yumasheva, which had been finalized before the sanctions were put in place.{{cite news| url=https://www.nytimes.com/2019/04/08/us/politics/sanctions-deripaska.html |title=Sanctions Deal With Russian Oligarch Included Transfer of Shares to Benefit His Children |newspaper=New York Times |author1=Kenneth P. Vogel |author2=Andrew E Kramer |date=8 April 2019}} The deal to have U.S. sanctions removed from En+ Group was brokered by Greg Barker, a UK legislator, who in February 2019 went on to be appointed chairman of En+ Group.{{cite news|url=https://www.bnnbloomberg.ca/british-lord-barker-got-4-million-bonus-on-deripaska-sanctions-deal-1.1252584|title=British Lord Barker Got $4 Million Bonus on Deripaska Sanctions Deal|agency=Bloomberg|date=2 May 2019}}{{cite news|url=https://www.thetimes.com/article/greg-barker-leaves-lords-to-run-oligarch-oleg-deripaskas-metals-empire-km7gclptf|title=Greg Barker leaves Lords to run oligarch Oleg Deripaska's metals empire|newspaper=The Times (UK)|date=24 February 2019}}

In March 2019, Deripaska sued the United States, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the "latest victim" in the FBI probe into Russia's interference in U.S. elections.{{cite news |last1=Susan |first1=Heavey |last2=Nathan |first2=Layne |title=Russian metals tycoon Deripaska sues U.S. over sanctions |url=https://uk.reuters.com/article/uk-usa-russia-deripaska/russian-metals-tycoon-deripaska-sues-u-s-over-sanctions-idUKKCN1QW2PQ |archive-url=https://web.archive.org/web/20190315200348/https://uk.reuters.com/article/uk-usa-russia-deripaska/russian-metals-tycoon-deripaska-sues-u-s-over-sanctions-idUKKCN1QW2PQ |url-status=dead |archive-date=15 March 2019 |date=15 March 2019}} U.S. District Court Judge Amit Mehta dismissed the suit in June 2021, ruling it lacked merit.{{Cite news|url=https://www.reuters.com/legal/government/us-judge-dismisses-russian-tycoon-deripaskas-lawsuit-against-us-filing-2021-06-14/|title=U.S. judge dismisses Russian tycoon Deripaska's lawsuit against U.S. -filing|newspaper=Reuters|date=14 June 2021|via=www.reuters.com}} On 3 October 2022, the US Supreme Court rejected the oligarch's appeal.{{Cite web|url=https://www.banki.ru/news/lenta/?id=10973204|title=Верховный суд США отклонил ходатайство Дерипаски об отмене санкций|language=ru|date=2022-10-03|website=banki.ru}}

On 29 September 2022 the United States Attorney for the Southern District of New York accused Deripaska of sanctions evasion. According to the prosecutor's office, Deripaska, through Gracetown Inc., illegally used the U.S. financial system to service real estate objects owned by him. In this he was assisted by two women: Olga Shriki, who operated in the United States, and Natalia Bardakova, who directed Shriki from Russia. They are also charged with violating U.S. sanctions. Chriqui was arrested on 29 September. All three "are charged with one count of conspiring to violate and evade U.S. sanctions, in violation of the International Emergency Economic Powers Act, which carries a maximum sentence of 20 years in prison," the statement says.{{Cite web|url=https://www.justice.gov/usao-sdny/pr/russian-oligarch-oleg-vladimirovich-deripaska-and-associates-indicted-sanctions-evasion|title=Russian Oligarch Oleg Vladimirovich Deripaska And Associates Indicted For Sanctions Evasion And Obstruction Of Justice|date=2022-09-29|website=justice.gov}} Graham Bonham-Carter has been charged with helping Deripaska evade sanctions.[https://www.bbc.com/news/uk-63218643 UK businessman charged with 'helping Russian oligarch evade sanctions']

In January 2023, Charles McGonigal, a former head of counterintelligence in the FBI New York City field office, was charged with conspiring with co-defendant Sergey Shestakov, a former Soviet and Russian diplomat who is a U.S. citizen, to provide services to Deripaska in 2021, in violation of U.S. sanctions imposed on Deripaska in 2018. They allegedly did so by investigating a rival Russian oligarch in return for concealed payments from Deripaska, using shell companies in the contract that outlined the services to be performed, using a forged signature on that contract, and using the same shell companies to send and receive payment from Deripaska.[https://www.justice.gov/opa/pr/former-special-agent-charge-fbi-new-york-counterintelligence-division-charged-violating-us Former Special Agent in Charge of the FBI New York Counterintelligence Division Charged with Violating U.S. Sanctions on Russia],United States Department of Justice, January 23, 2023. Retrieved January 23, 2023.[https://www.nytimes.com/2023/01/23/nyregion/fbi-money-laundering-charles-mcgonigal.html Former Top F.B.I. Official in New York Charged With Aiding Oligarch], New York Times, Benjamin Weiser and William K. Rashbaum, January 23, 2023. Retrieved January 23, 2023.

Personal life

Deripaska was married to Polina Yumasheva, the daughter of Boris Yeltsin's top adviser Valentin Yumashev and stepdaughter of Yeltsin's daughter Tatyana.{{Cite book |last=Godzimirski |first=Jakub M. |url=https://books.google.com/books?id=Zm0tDwAAQBAJ&dq=%22Polina+Yumasheva%22&pg=PA221 |title=The Political Economy of Russian Aluminium: Between the Dual State and Global Markets |date=2017-07-18 |publisher=Springer |isbn=978-3-319-57234-5 |language=en}} While Yeltsin was president, Deripaska's close ties put him in Yeltsin's inner circle, dubbed "The Family".{{Cite news|url=https://www.nytimes.com/2006/08/20/business/yourmoney/20oligarch.html|title=Out of Siberia, a Russian Way to Wealth|last=Kramer|first=Andrew E.|date=20 August 2006|work=The New York Times|access-date=2 June 2017|language=en-US|issn=0362-4331}}{{Cite news|url=https://www.telegraph.co.uk/news/worldnews/europe/7063201/Boris-Yeltsins-daughter-attacks-Vladimir-Putin.html|title=Boris Yeltsin's daughter attacks Vladimir Putin|last=Osborn|first=Andrew|work=Telegraph.co.uk|access-date=2 June 2017|language=en}} Deripaska and Yumasheva were married from 2001 to 2018.{{Cite web |date=2022-03-10 |title=Oleg Deripaska: Putin 'favourite' with strong ties to Britain |url=https://www.theguardian.com/world/2022/mar/10/oleg-deripaska-profile-putin-britain |access-date=2022-04-06 |website=the Guardian |language=en}}{{Cite news |last1=Vogel |first1=Kenneth P. |last2=Kramer |first2=Andrew E. |date=2019-04-08 |title=Sanctions Deal With Russian Oligarch Included Transfer of Shares to Benefit His Children |language=en-US |work=The New York Times |url=https://www.nytimes.com/2019/04/08/us/politics/sanctions-deripaska.html |access-date=2022-04-06 |issn=0362-4331}}{{Cite news |script-title=ru:Жёны известных людей зарабатывают на ресторанах и галереях |language=ru-RU |work=Рамблер/новости |url=https://news.rambler.ru/other/40543183-zheny-izvestnyh-lyudey-zarabatyvayut-na-restoranah-i-galereyah/ |url-status=dead |access-date=15 August 2018 |archive-url=https://web.archive.org/web/20180815164532/https://news.rambler.ru/other/40543183-zheny-izvestnyh-lyudey-zarabatyvayut-na-restoranah-i-galereyah/ |archive-date=15 August 2018}} The Deripaskas have two children: a son, Pyotr (born 2001), and daughter, Maria (born 2003).{{cite news|script-title=ru:Блоги / Эхо-рейтинг: Полина Дерипаска| url=http://echo.msk.ru/blog/echo_rating/850130-echo/|access-date=25 May 2017|work=Echo Moscow|language=ru}}{{cite news|script-title=ru:Президент "Русал" Олег Дерипаска. Биография|url=https://ria.ru/spravka/20141118/1033854288.html|access-date=25 May 2017|work=RIA Novosti|date=18 November 2014|language=ru}} Deripaska practices yoga, swimming, horseback riding, and hiking. At his home near Moscow, he has seven horses and six dogs.

In March 2018, it was reported that Deripaska had successfully purchased Cypriot citizenship in 2017 under that country's golden visa, which generates billions{{clarify|date=April 2023}} in revenue for the island nation. According to documents seen by The Guardian, Deripaska's first attempt to become a citizen of a country in the EU was unsuccessful because of a preliminary inquiry into his activities in Belgium. The inquiry was dismissed in 2016.

In 2009, Deripaska's ranking fell to No. 164, with Forbes stating: "[H]e may not withstand collapsing markets and heavy debts".{{cite news| url=https://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Oleg-Deripaska_UCP9.html |work=Forbes |title=#164 Oleg Deripaska – The World's Billionaires 2009 |date=11 March 2009}}

In 2010, his estimated $US10.7 billion fortune allowed him to rise to No. 57 of the World's Billionaires list.{{cite news|url=https://www.forbes.com/lists/2010/10/billionaires-2010_Oleg-Deripaska_UCP9.html |title=The World's Billionaires 2010, Forbes |work=Forbes |date=12 February 2010 |access-date=14 May 2011}} According to Forbes magazine, he removed the heads of his two largest companies and personally negotiated with the Russian government, banks, and other creditors to restructure his loan obligations.{{Cite web|url=https://www.forbes.com/profile/oleg-deripaska/|title=Oleg Deripaska|website=Forbes}} Deripaska himself in 2007 was reported to have consistently said that the estimate of his wealth was exaggerated, that it did not completely account for the amount of debt he incurred, and that he should be ranked far below the top ten on the list of the Russian billionaires.{{cite news|title=How metals and a ruthless streak put Russian patriot at top of the rich list |first=Luke |last=Harding |url=https://www.theguardian.com/world/2007/feb/24/business.russia |work=The Guardian |location=UK |access-date=14 May 2011 |date=24 February 2007}}

Forbes estimated his fortune at $US3.3 billion in 2015,{{cite news|url=https://www.forbes.com/profile/oleg-deripaska/|work=Forbes|last=Rapoza|title=Forbes Profile: Oleg Deripaska|access-date=25 June 2021}} $5.2 billion in 2017,{{Cite news |title=Oleg Deripaska |work=Forbes |url=https://www.forbes.com/profile/oleg-deripaska/ |access-date=27 July 2019}} and $3.3 billion in 2019. In June 2022, Forbes estimated his net worth to be $US3.2 billion.

Deripaska's Cypriot−registered company Edenfield Investments acquired the Grade II listed Hamstone House in the St George's Hill district of Weybridge, Surrey, in 2001.{{cite news|title=Son of Putin ally has £35m London house |last1=Boswell |first1=Josh |last2=Hollingsworth |first2=Mark |url=https://www.thetimes.com/article/son-of-putin-ally-has-35m-london-homehouse-list-reveals-mansions-of-the-oligarchs-8dzrtnxk6 |access-date=17 March 2019 |work=The Times |date=20 March 2016 |page=10}} Since 2006, Deripaska has owned the Haft mansion near Embassy Row in Washington, D.C., through a company incorporated in Delaware.{{cite news| url=https://www.washingtonpost.com/politics/the-russian-tycoon-next-door-putin-ally-is-tied-to-one-of-dcs-swankiest-mansions/2017/11/28/15f913de-cef6-11e7-81bc-c55a220c8cbe_story.html |title=The Russian billionaire next door: Putin ally is tied to one of D.C.'s swankiest mansions |author1=Rosalind S. Helderman |author2=Alice Crites |date=29 November 2017 |newspaper=Washington Post |access-date=4 December 2017}}

He owns a mansion in Belgravia.{{cite news|title=Ukraine: Squatters occupy Russian oligarch's London mansion|url=https://www.bbc.com/news/uk-england-london-60736583|access-date=14 March 2022|work=BBC|archive-date=14 March 2022|archive-url=https://web.archive.org/web/20220314121744/https://www.bbc.com/news/uk-england-london-60736583}}{{cite news|title=Squatters occupy London mansion 'owned by Russian oligarch' in protest at Ukraine war|url=https://www.independent.co.uk/news/uk/home-news/russian-oligarch-mansion-squatters-london-b2035179.html|access-date=14 March 2022|work=The Independent|archive-date=14 March 2022|archive-url=https://web.archive.org/web/20220314121752/https://www.independent.co.uk/news/uk/home-news/russian-oligarch-mansion-squatters-london-b2035179.html}}

=Charitable and other activities=

Oleg Deripaska sits on the board of trustees of the Bolshoi Theatre, and has financed ballet performances like Flames of Paris, La Sylphide, and Paquita as well as operas like The Legend of the Invisible City of Kitezh and the Maiden Fevroniya, Carmen, and Wozzeck.{{Cite web|url=https://www.forbes.ru/profile/oleg-deripaska|title=Олег Дерипаска|work=Forbes Russia|date=15 April 2011|access-date=13 January 2016}}

In 1998, Deripaska established a charitable foundation in Russia, Volnoe Delo.{{Cite news|url=https://www.europeanceo.com/profiles/oleg-deripaska-and-the-russian-aluminium-wars/|title=Oleg Deripaska and the Russian aluminium wars|access-date=25 May 2018|language=en-US}}{{Cite web|url=https://volnoe-delo.ru/en/|title=Volnoe Delo Foundation|website=volnoe-delo.ru|language=ru|access-date=25 May 2018}}{{Cite web|url=https://volnoe-delo.ru/|title=Фонд "Вольное Дело"|website=volnoe-delo.ru}} The fund supports initiatives in Russia aimed at developing education and science, preserving spiritual and cultural heritage, and improving standards in public health.{{Cite web|url=https://www.heritagedaily.com/2016/08/darius-i-stele-found-in-ancient-town-of-phanagoria-in-russia/112378|title=Darius I stele found in ancient town of Phanagoria in Russia - HeritageDaily - Heritage & Archaeology News|website=heritagedaily.com|date=9 August 2016|language=en-US|access-date=25 May 2018}}{{Cite news|url=https://www.huffingtonpost.co.uk/entry/billionaire-sochi-stray-dogs_n_4767912?guccounter=1|title=Billionaire Saves Sochi Stray Dogs!|date=11 February 2014|work=HuffPost UK|access-date=25 May 2018|language=en-GB}} Since 1998, Deripaska claims to have invested in more than 500 charity programs in 50 regions of Russia.{{Cite web|url=https://volnoe-delo.ru/en/|title=Volnoe Delo Foundation|website=volnoe-delo.ru|access-date=13 January 2016}}{{additional citation needed|date=February 2018}} Volnoe Delo has supported research activities in the 2,550-year-old city of Phanagoria since 2004. More than $10 million has been allocated to Phanagoria fieldwork over the past 14 years.{{Cite news|url=https://popular-archaeology.com/article/darius-i-stele-found-in-ancient-town-of-phanagoria-in-russia/|title=Popular Archeology - Darius I stele found in ancient town of Phanagoria in Russia|work=Popular Archeology|access-date=25 May 2018|language=en-US}} Today, Phanagoria is one of the best-equipped archeological sites in Russia and has a scientific and cultural center, equipment and technology for above-ground and underwater excavation, as well as a team of specialists involved in the excavation process.{{Cite web|url=https://popular-archaeology.com/issue/06052014/article/ancient-naval-ram-found-in-phanagoria-reveals-history-of-popular-unrest-in-63-b-c|title=Ancient naval ram found in Phanagoria reveals history of popular unrest in 63 B.C.|work=Popular Archeology|access-date=13 January 2016}} In 2014, Volnoe Delo foundation launched a programme for students' early career guidance and professional training—JuniorSkills.{{Cite web|url=https://volnoe-delo.ru/en/events/news/junior-skills/|title=Junior Skills|website=volnoe-delo.ru|access-date=13 January 2016}} The first, pilot, championship on professional skills, JuniorSkills Hi-Tech, was held in the Urals city of Yekaterinburg in 2014, part of the nationwide championship on cross-industry blue-collar professions in high-tech "WorldSkills". In 2020 during the pandemic of COVID-19 it bought new ambulances and sent them to twelve Russian towns in Siberia and the Urals.{{Cite web|date=20 April 2020|title=Deripaska steps up to Russia's fight against the coronavirus pandemic|url=https://www.intellinews.com/deripaska-steps-up-to-russia-s-fight-against-the-coronavirus-pandemic-181365/|access-date=18 February 2021|website=www.intellinews.com|language=en}}

Deripaska was a member of the International Council at Harvard University's Belfer Center for Science and International Affairs.{{Cite web|url=https://www.belfercenter.org/person/oleg-deripaska|title=Oleg Deripaska|publisher=Belfer Center for Science and International Affairs|access-date=4 May 2017|url-status=dead|archive-url=https://web.archive.org/web/20170405171539/https://www.belfercenter.org/person/oleg-deripaska|archive-date=5 April 2017}}

In 2017, during the West African Ebola virus epidemic Deripaska personally initiated construction of the Centre for Epidemic and Microbiological Research and Treatment in the Guinean Kindia province. The centre was designed and constructed by RUSAL specialists with the assistance of Rospotrebnadzor scientists (RUSAL has invested $10 million).{{Cite web|url=http://africatimes.com/2017/05/22/ebola-2-0-lessons-learned-in-2014-may-not-suffice/|title=Ebola 2.0 – Lessons Learned in 2014 May Not Suffice|date=22 May 2017|website=Africa Times|access-date=25 May 2017|archive-url=https://web.archive.org/web/20170523055530/http://africatimes.com/2017/05/22/ebola-2-0-lessons-learned-in-2014-may-not-suffice/|archive-date=23 May 2017|url-status=dead}}

In February 2014, Deripaska financed the construction of makeshift kennels to house stray dogs that had been abandoned by construction workers after completing work on the Sochi Olympic Village.{{cite news|url=https://www.independent.co.uk/news/world/europe/sochi-olympic-parks-condemned-stray-dogs-saved-by-russian-billionaire-9118727.html|title=Sochi Olympic Park's condemned stray dogs 'saved by Russian billionaire'|last=Withnall|first=Adam|date=10 February 2014|work=The Independent|access-date=10 February 2014|archive-url=https://web.archive.org/web/20140211211903/http://www.independent.co.uk/news/world/europe/sochi-olympic-parks-condemned-stray-dogs-saved-by-russian-billionaire-9118727.html|archive-date=11 February 2014|url-status=dead|location=London}}

In October 2015 Deripaska called for governments not to agree to the Paris climate accords since they lacked legally-binding mechanisms and arguing that countries like India and China needed to contribute more to avoid competition problems.{{Cite news |last1=Sanderson |first1=Henry |last2=Clark |first2=Pilita |date=18 October 2015 |title=Deripaska warns about competitive risks from Paris climate deal |work=Financial Times |url=http://www.ft.com/intl/cms/s/0/b72f19fe-7432-11e5-a129-3fcc4f641d98.html |access-date=13 January 2016 |issn=0307-1766}}

In 2020 during the pandemic he donated money to construct hospitals in Siberia.

As part of a public relations campaign, he said in April 2021 that Rosstat (Federal State Statistics Service) data showing that there are 17.8 million poor people living below the country's subsistence minimum was wrong, and that the correct number was about 80 million.{{Cite web |title=Дерипаска обвинил Росстат в "жонглировании цифрами" о числе бедных |url=https://www.rbc.ru/society/19/04/2021/607d261c9a79479bb67890a9 |access-date=27 November 2021 |website=РБК |date=19 April 2021 |language=ru}}

Deripaska criticized the Russian invasion of Ukraine on several occasions.{{Cite web|title=Two Russian oligarchs call for an end to Putin's war |last=Riley |first=Charles |date=28 February 2022 |url=https://www.cnn.com/2022/02/28/business/oligarchs-russia-ukraine-fridman-deripaska/index.html |website=CNN |access-date=16 March 2022}}{{Cite news |agency=Agence France Presse |date=28 February 2022 |title=Russian tycoon Deripaska says time to end 'state capitalism' in Russia |url=https://editor.guardian.ng/news/russian-tycoon-deripaska-says-time-to-end-state-capitalism-in-russia/ |website=The Guardian Nigeria News |language=en-US |access-date=16 March 2022}}{{cite news |title=Russian Oligarch Deripaska Says Destroying Ukraine Would Be 'Colossal Mistake' |url=https://www.themoscowtimes.com/2022/06/28/russian-oligarch-deripaska-says-destroying-ukraine-would-be-colossal-mistake-a78132 |agency=AFP |publisher=The Moscow Times |date=28 June 2022}} On 20 December 2022, a Russian court had ordered the seizure of a luxury hotel complex in Sochi worth $1 billion owned by Deripaska. The seizure might be triggered by Deripaska's criticism of the war.{{Cite news |date=2022-12-20 |title=Billionaire Oleg Deripaska's Sochi hotel complex seized after Russian court order |work=Financial Times |url=https://www.ft.com/content/32052a11-89f3-4642-8dd4-11433a32f8a2 |access-date=2023-02-16}}

He sits on the board of trustees of the School of Business Administration, the School of Public Administration, and the School of Economics at Moscow State University as well as the School of Business Administration at St. Petersburg State University.{{cn|date=February 2024}} Deripaska is a co-founder of the National Science Support Foundation and the National Medicine Fund.{{cn|date=February 2024}} In 1999, he was awarded the Order of Friendship, a state award of the Russian Federation.{{cn|date=February 2024}}

See also

References

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