Email This Post - Print This Post Print This Post

By John Helmer, Moscow When you are a Russian oligarch with a 20-year record of settling out of court with friends, partners and investors accusing you of deceit; when you have a 7-year record of failing to sustain your share value in a genuine stock market, what do you do next? You announce to a […]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Oleg Deripaska, control shareholder of Rusal, the Russian state aluminium monopoly, is the leading investor of Russian funds in offshore businesses which have failed. He is also Russia’s largest corporate debtor.  Noone else in the circle of President Vladimir Putin has performed so improvidently and unpatriotically. When the costs are counted […]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow In “Any Old Iron”, a popular British music-hall song of a century ago, the cockney comedian Harry Champion made audiences laugh at the vanity of people showing off wealth they don’t have, and at pretentiousness in general. In our century there’s said to be a homosexual come-on in the words of […]

Email This Post - Print This Post Print This Post

By John Helmer, Moscow Oleg Deripaska has launched an attack on Leonid Mikhelson, GennadyTimchenko and Kirill Shamalov in an oligarch showdown which President Vladimir Putin must decide, because Prime Minister Dmitry Medvedev cannot. Not since 2008, when Deripaska appealed to Putin for support of his attempt to take Norilsk Nickel away from Vladimir Potanin, has […]

Email This Post - Print This Post Print This Post

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 […]

Email This Post - Print This Post Print This Post

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 […]

Email This Post - Print This Post Print This Post

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 […]

Email This Post - Print This Post Print This Post

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 […]

Email This Post - Print This Post Print This Post

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, […]

Email This Post - Print This Post Print This Post

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 […]