‘Russia will go bankrupt if it cannot find investment; Now we have to stand with Asia’

by time news

Novosibirsk – Russian billionaire Oleg Deripaska says that Russia will run out of money by next year if it does not find investment from friendly countries. Deripaska said this at an economics conference organized in Siberia.

Deripaska came out against the war at the very beginning of the Russia-Ukraine war. He said that Russia is going through a serious situation with Western countries imposing sanctions. A large amount of investment needs to be found from friendly countries. Russia was considered a European country for so long. But he said that for the next 25 years we will have to think about staying with the Asian countries.

Oleg Deripaska

Since Russia began its invasion of Ukraine in 2022, Western countries have imposed 11,300 sanctions. 300 billion dollars that should have been received by Russia was also withheld. This is why Russia is in a severe economic crisis. The Russian economy is holding up with the help of China. China is a major buyer of fuel, equipment and metals from Russia.

Deripaska’s words come after President Vladimir Putin announced that Russia has been able to face its economic problems.

English Summary: Moscow might run out of money by next year: Russian oligarch

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