Oleg Deripaska news stories on Newser

FBI Let Blacklisted Russian Tycoon Visit US

Rob Quinn — Fri, 30 Oct 2009 01:42:21 CDT

A Russian billionaire barred from the US for years because authorities suspected him of involvement in organized crime was allowed into the country twice this year under a secret deal with the FBI. Despite the objections of other government agencies, metals tycoon Oleg Deripaska was allowed to bypass the visa...

Russia Tycoons Seek $78B Kremlin Bailout

Rebecca Smith Hurd — Mon, 22 Dec 2008 10:33:01 CST

A dozen years after bailing out the Soviet government, Russia’s oligarchs are seeking $78 billion in Kremlin handouts to weather the credit crunch, Bloomberg reports. Russian businesses have racked up some $110 billion in foreign debt due in 2009. The one-year loans, sought by more than 100 companies, would likely...

Russia Bails Out Its Richest Man

Thu, 30 Oct 2008 12:20:54 CDT

The Russian government has agreed to loan $4.5 billion to metals magnate Oleg Deripaska to help him pay off a loan to a group of Western banks. While the state bank overseeing the bailout would not confirm the news, three newspapers have reported that Deripaska, who is considered Russia's...

As Oligarchs Lose Billions, Kremlin Steps In

Jason Farago — Wed, 29 Oct 2008 07:11:00 CDT

The Kremlin is allowing an individual businessman to tap into a $50 billion rescue fund, reports the Wall Street Journal , signaling a shake-up of the relationship between the Russian government and the country's oligarchs. Mikhail Fridman, whose creditors declared him in default on a $2 billion loan from Deutsche Bank,...

UK Tories Accused of Soliciting Russian Magnate

Ambreen Ali — Tue, 21 Oct 2008 15:35:24 CDT

Britain's Conservative Party is taking heat for allegedly requesting $85,000 from a Russian billionaire and suggesting he skirt UK law by gifting the money through his British firm. The solicitation was firmly denied by the party’s finance spokesman, who confirmed he met with aluminum magnate Oleg Deripaska but wouldn’t...

Russian Billionaire's Plans May Hold Up Chrysler Purchase

Sam Gale Rosen — Fri, 11 May 2007 12:37:16 CDT

A Russian billionaire with possible mob ties plans to buy a major stake in the company that aims to purchase Chrysler. If aluminum magnate Oleg Deripaska does buy the $1.54 billion stake in Magna International, the cash will come in handy for the Chrysler deal. But Oleg's shady past...