Oleg Deripaska

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FBI Let Blacklisted Russian Tycoon Visit US

Organized crime suspect bypasses visa refusal

(Newser) - 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... More »

Russia Tycoons Seek $78B Kremlin Bailout

Looming foreign debt forces oligarchs to return power to state

(Newser) - 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... More »

Russia Bails Out Its Richest Man

Metal mogul Deripaska gets $4.5B handout to help pay loans from Western banks

(Newser) - 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... More »

As Oligarchs Lose Billions, Kremlin Steps In

Russia bails out first businessman, but more trouble looms

(Newser) - 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,... More »

UK Tories Accused of Soliciting Russian Magnate

Party's finance leader denies discussing illegal donation

(Newser) - 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... More »

Russian Billionaire's Plans May Hold Up Chrysler Purchase

(Newser) - 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... More »

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