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By John Helmer, Moscow Rusal announced on March 9 that its earnings for 2015 were up, and its profit too. But Rusal’s share price, listed on the Hong Kong Stock Exchange, shot downwards by one of the largest one-day falls in months. Hong Kong Exchange sources say the Rusal share is so illiquid, there is [...]

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By John Helmer, Moscow As the Kremlin’s apparatchik for the state aluminium monopoly, Oleg Deripaska (lead image), chief executive of United Company Rusal, has a personal price problem which threatens to turn into an income problem for Russians. If it does that, and loss of income turns into negative opinion polls and protest votes, Deripaska [...]

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By John Helmer, Moscow On what the Paris Agreement for climate change (COP21) should have decided last Saturday, no Russian business figure has been as outspoken as Oleg Deripaska (lead image), chief executive and control shareholder of the Russian aluminium monopoly, Rusal. “Balderdash”, Deripaska said of the agreement terms during a whistlestop interview with a [...]

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By John Helmer, Moscow A federal US judge and jury have dismissed a billion-dollar claim by Oleg Deripaska’s companies against investment bank Morgan Stanley after three years of litigation and two weeks of trial in a Manhattan courtroom. The jury verdict was announced on November 13. The case is the first in which Deripaska, chief [...]

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By John Helmer, Moscow The Bible is clear on what horny musclemen like Samson should beware. If they want to go bed with Delilah types, they may wake up without their hair on. Oleg Deripaska, control shareholder of the Russian aluminium monopoly Rusal and of Russian Machines, a holding of automobile and automotive component manufacturers, [...]

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By John Helmer, Moscow The commodity supercycle made an offshore fortune for Oleg Deripaska, control shareholder of United Company Rusal, the Russian aluminium monopoly, and for Glencore, the Swiss combine which has financed and managed Rusal’s trade. But the cycle is now in reverse, as the markets accept that China’s economic performance will now trigger [...]

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By John Helmer, Moscow Insiders at the Russian aluminium monopoly Rusal say that chief executive and control shareholder Oleg Deripaska has been miscalculating the effect of share price surges Rusal has enjoyed on the Hong Kong Stock Exchange in recent weeks. That’s because the share price gains have been quickly reversed – and because Rusal’s [...]

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By John Helmer, Moscow In Ukrainian villages they still say a dog won’t cry if you beat him with a bone. In the Zaporozhye region of eastern Ukraine, there are exceptions – bones on which even dogs fear to choke. The Zaporozhye Alumina and Alumimium Combine (ZALK) is an example. Owned by the Russian aluminium [...]

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By John Helmer, Moscow Oleg Deripaska (left), chief executive of the Russian state aluminium monopoly Rusal, makes a practice of thriving when everyone else is suffering. That’s because the Russian government and the state banks cast a more protective cover over heavy debtors when times are bad than when times are better. Rusal owes $9 [...]

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By John Helmer, Moscow United Company Rusal, the state aluminium monopoly run by Oleg Deripaska (lead image), has announced a third-quarter profit of $25 million, its first bottom-line in the black for three years. The company’s report explains the result by pointing to production cuts, the decline in costs of production, and a rise in [...]