Billionaire Oleg Deripaska said that ensuring the predictability of doing business is a condition for attracting foreign investment to Russia. The businessman believes that in the current circumstances “there will be no money next year.”

“There will be no money next year”: Deripaska called for the condition to attract foreign investment

The Russian economy will soon face a shortage of financing sources, said Oleg Deripaska, businessman, billionaire and founder of Basic Element.

“There will be no money next year. We will need foreign investors,” Deripaska stressed.

Deripaska believes that the condition for attracting foreign investment into the Russian economy will be ensuring the predictability of doing business in Russia.

“The businessman is the only entity that is going to lead our country in these 25 years, like Moses,” said the businessman. He added that in the face of a frequent change in the rules of the game, investors “won’t believe it.”

Deripaska called the development of the economy through the system of state capitalism a road to nowhere and a waste of money.

Shortly after the start of the special military operation in Ukraine, Oleg Deripaska named five steps for the prosperity of Russia. To achieve stability in the country, it is necessary to “dissolve Gazmyas”, “finish all state capitalism”, develop Siberia and the Far East, give free rein to businessmen and citizens and “start all over again”, believes the businessman.

In April 2018, the United States imposed sanctions on Oleg Deripaska. In 2022, the billionaire was sanctioned by the UK, the EU and other countries.


Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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