U.S.-Russia Tensions Catch Up to Metals Tycoon Oleg Deripaska
Last fall, Oleg Deripaska ramped up Russia’s presence in Western markets when he pulled off London’s second-biggest corporate listing of the year. Now the metals billionaire is on a U.S. sanctions list and that firm has lost roughly half its value.
The reversal of fortune reflects the arc of the Kremlin’s efforts to build political and financial relations with the West over the past two decades.
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