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Topic: Oleg Deripaska


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In the News (Sun 27 Dec 09)

  
  FRONTLINE/WORLD . Moscow - Rich in Russia . How to Make a Billion Dollars - Oleg Deripaska | PBS
Oleg Deripaska, born in 1968, is Russia's youngest billionaire at age 35.
Deripaska is married to Polina Yumashev, the daughter of former President Boris Yeltsin's chief of staff.
One of Deripaska's deputies at Russian Aluminum, the executive in charge of contacts with state agencies, is running in the December 2003 election for the State Duma (the lower chamber of the Russian parliament) on the ticket of the center-right, ruling Liberal Democratic Party of Russia.
www.pbs.org /frontlineworld/stories/moscow/deripaska.html   (535 words)

  
 Engology, Engineer Oleg Deripaska, Billionaire, President of Russian Aluminium, Professional Engineering, Chartered ...
Deripaska is also vice-president of the Russian Union of Industrialists and Entrepreneurs, Chairman of the Board of the Russian National Committee of the International Chamber of Commerce, member of the Entrepreneurship Council of the Government of the Russian Federation.
Oleg Deripaska is one of the controlling shareholders of Russian Aluminum (Rusal), which he shares with Roman Abramovich and the Sibneft group.
Deripaska is far from losing his jacket, but, compared to other oligarchs, he is further from securing the access to international capital that he would like.
www.engology.com /eng5deripaska.htm   (860 words)

  
 Metal.Com.Ru Trade System :: Publications   (Site not responding. Last check: 2007-11-02)
Speaking fairly, Deripaska did not accumulate his most valuable assets through rigging privatization of state assets, at least not if his acquisition of the alumna refinery at Nikolaev is excluded, because it is across the border in the Ukraine.
Deripaska’s prime asset, and the source of most of his cash, is Rusal, which after Alcoa, is the largest producer of primary aluminum in the world.
On the scale of demonstrable threats to the economic security of the state, Deripaska ought to be trying to convince his detractors, inside the Kremlin and out, that Basic Element and Rusal are not to be compared with the Yukos group, Sibneft and Millhouse, or Interros and Norilsk Nickel.
metal.com.ru /analytics/publication.php?id=153   (1116 words)

  
 Asia Times -
Deripaska, also the head of Base Element, which holds his investments in other sectors of the Russian economy, is one oligarch who is not exiting, however, because he can’t.
Deripaska was able to lobby Finance Minister Alexei Kudrin to drop his attempt to halt the tax concessions conferred by tolling contracts.
Deripaska’s announcement suggests that he thinks Potanin may be politically vulnerable, and open to a Kremlin challenge to knock him out of the race.
www.atimes.com /atimes/Central_Asia/EJ07Ag01.html   (1179 words)

  
 Russian Government Changes Sympathies About Oligarchs - Pravda.Ru
Oleg Deripaska is a well-known Russian oligarch, an influential figure in the government.
Oleg Deripaska is one of the youngest Russian oligarchs.
Furthermore, Oleg Deripaska was manipulating the government before the scandal with the WTO membership occurred (he was even promised to take office of the prime minister after Mikhail Kasyanov's resignation), but then it was Mikhail Khodorkovsky, who became the secret advisor for the government, having substituted Oleg Deripaska.
english.pravda.ru /letters/2001/07/19/10528.html   (1406 words)

  
 www.mineweb.net | int_beat Russia’s Mega-Aluminium merger — another fable for Oleg Deripaska   (Site not responding. Last check: 2007-11-02)
The pressure has forced Deripaska himself to cut short his visits to England to a bare minimum, and to claim that the Belgrave Square residence and country house he bought there are not lived in by himself.
Like Vekselberg, Deripaska is exposed to the conclusion of the chief Russian policymaker that everyone would be better off if their aluminium assets were consolidated under control that was invulnerable to offshore supply manipulation, paid taxes, and complied with the law.
Deripaska produces aluminium metal in Russian smelters, but as his former spokesman, Yevgenia Harrison once admitted, most of the value (read profit) in Rusal is earned offshore.
www.mineweb.net /int_beat/984127.htm   (2102 words)

  
 The Observer | Business | A new Abramovich is coming to town
Oleg Deripaska survived Russia's 'Wild East' era to become a global metals baron with a vast fortune.
Deripaska was not available for interview last week, but by some accounts he is a studious, serious man who reads physics books for fun.
Deripaska is a veteran of Russian capitalism's 'Wild East' era in the 1990s, and has long been dogged by murky allegations.
observer.guardian.co.uk /business/story/0,6903,1572478,00.html   (1120 words)

  
 Russian Media Repression, TVS - Johnson's Russia List 6-24-03
Konstantin Remchukov, a close ally of businessman Oleg Deripaska, blamed the company's financial crisis on a monopolist - which he said was subject to the influence of Press Minister Mikhail Lesin - on the TV advertising market.
Oleg Kiselev, who represented the interests of Anatoliy Chubays, admitted that there had been divisions between the company's shareholders, as a result of which Chubays has now pulled out of the project, leaving Deripaska in sole control.
First, the letter which was received by Oleg Kiselev and his friends envisaged that this group of shareholders should make a response by 23 May. So the conditions which were formulated in the letter gave a clear date.
www.cdi.org /russia/johnson/7236-9.cfm   (4795 words)

  
 Telegraph | Money
Deripaska was in London combining family business with official dinners and cocktail parties thrown for president Vladimir Putin's state visit.
Deripaska was a freewheeling 23-year-old with an economics qualification and a physics degree from Moscow State University when the Soviet Union collapsed in 1991.
Deripaska got a job in the fledgling market, trading in the huge quantities of metals that Russia's vast industrial machine produces each year.
www.telegraph.co.uk /money/main.jhtml?xml=/money/2003/07/06/ccoleg106.xml   (1176 words)

  
 Oleg Deripaska Demands Presumption of Tax Innocence - Kommersant Moscow
Finance Minister Aleksey Kudrin defended the government, and Oleg Deripaska, chairman of the board of directors of Base Element, appeared on behalf of the oligarchs.
Deripaska accused the government of anti-market actions, failure to carry out tax and structural reforms, and the inability to beat poverty.
After that, Deripaska demanded a continuing reduction of VAT and an end to “the nervousness that exists due the randomness of tax audits,” and to fix the rules of the game once and for all.
www.kommersant.com /page.asp?idr=1&id=546051   (952 words)

  
 Газета.Ru - Dying TVS awaits Putin's decision
After the May break Oleg Deripaska unexpectedly reversed his position, abandoned the idea of a steering company and offered Chubais his stake for $10 million, setting the deadline for a decision for May 23.
Deripaska is apparently considering re-selling the channel to another contender, whose name remains secret.
It is clear that in the election year, considering the political situation, neither for us, nor for the Oleg Deripaska group would it be of advantage to come into ownership of TVS without the go-ahead from the Kremlin.'' For the same reason Deripaska is in no hurry either.
www.gazeta.ru /2003/05/30/DyingTVSawai.shtml   (981 words)

  
 Asia Times Online - The trusted source for news on Central Asia
To be true, Deripaska didn't accumulate his most valuable assets through rigging privatization of state assets, at least not if his acquisition of the alumina refinery at Nikolaev is excluded, because it is across the border in the Ukraine.
Deripaska's prime asset, and the source of most of his cash, is Rusal, after Alcoa the largest producer of primary aluminum in the world.
That Deripaska and Rusal should be afraid of this is revealed by the lengths they will go to stop anyone from noticing.
www.atimes.com /atimes/Central_Asia/FA28Ag02.html   (1386 words)

  
 Russian Aluminium Boss Deripaska Buys $50M London Mansion — Newspaper - MONEY - MOSNEWS.COM   (Site not responding. Last check: 2007-11-02)
Oleg Deripaska, the owner of Basic Element Holding and known as the “king of Russian aluminium”;, has bought a house in central London for a reported price of £25 million (almost $50 million), The Times reports.
Deripaska is said to be worth an estimated £2 billion (almost $4 billion).
Deripaska is one of the most controversial of the new breed of Russian tycoons.
www.mosnews.com /money/2004/12/16/deripaskahouse.shtml   (511 words)

  
 The St. Petersburg Times - Business - Auto Production One Key to Industrial Revival New Breed of Owners Tries To Bury ...
Deripaska is one of a handful of young businessmen flush with profits from selling oil and other raw materials who have begun a quiet transformation of industries in Russia's heartland.
Deripaska's team, men in their 40s and 50s, say they have moved quickly to impose order on the company's finances.
Deripaska, who grows exasperated when asked questions about transparency, says he is in the business to make money, not to please minority stakeholders.
www.times.spb.ru /index.php?action_id=2&story_id=4547   (2093 words)

  
 Restructuring Soviet Enterprises: Challenges and Solutions - Carnegie Endowment for International Peace
Deripaska compared their old working conditions to slavery, noting that many employees relied on their gardens for food.
Deripaska plans to introduce international standards for corporate governance and accounting prior to an IPO in 2007.
Deripaska: The one uncertainty is how the government restructures certain state monopolies: RAO UES [electricity] and the railways.
www.carnegieendowment.org /events/index.cfm?fa=eventDetail&id=833&&prog=zru   (1080 words)

  
 RIA Novosti - Opinion & analysis - Opinion: Deripaska for president?
Deripaska's televised meeting with President Vladimir Putin in Sochi has made some members of media and spin doctors believe this is a possibility.
Deripaska, head of the vast industrial holding Basic Element and a partner of fellow oligarch Roman Abramovich, is Russia's fifth richest man. Quickly sensing the paradigm shift in state-business relations when the Yukos affair started in 2003, media-shy Deripaska has since been seen as a Kremlin loyalist, and has focused on building his business empire.
Belkovsky, quoted in The Moscow Times, said "[Deripaska] has immense political ambitions," adding, "His inner circle has been preparing him to become president of Russia." Belkovsky foresees a scenario in which Krasnodar Governor Alexander Tkachyov is anointed as Putin's successor ahead of the 2008 poll and Deripaska named as his prime minister.
en.rian.ru /analysis/20050826/41234840.html   (712 words)

  
 The Russia Journal » Blog Archive » The Aluminium Pimpernel   (Site not responding. Last check: 2007-11-02)
The library at Oleg Deripaska’s expensive residence on Belgrave Square may not have a copy of Orczy’s book, and the backyard isn’t likely to include a planting of the angallis arvenis (scarlet pimpernel).
Only in Deripaska’s case, the plot is reversed a little, with the Aluminium Pimpernel doing his best to top his rivals in secret, while appearing in London to be the reticent fellow he would like to be thought of by his English friends.
Although Deripaska has suggested in a US speech that he controls TadAZ, and testimony in High Court proceedings persuaded the judge that Rusal was backing the TadAZ lawsuit, Deripaska and Rusal claim they have nothing to do with TadAZ.
www.therussiajournal.com /?p=102   (1682 words)

  
 www.mineweb.net | columns | emerging russia Eurobankers place bets on Deripaska   (Site not responding. Last check: 2007-11-02)
Deripaska controls about 96% of the company, which in turn has yet to complete the consolidation and financial reporting of the principal smelter, refinery and related assets in the aluminium production chain on the territory of Russia.
The claim also alleged that Deripaska siphoned off assets without the knowledge of the Reubens to shadow BVI companies, with identical names but different registrations and bank accounts, to pass them off as the jointly owned companies into which profits were to be directed.
Deripaska may still be the controlling owner of the Rusal group in two years’ time; or he may not.
www.mineweb.net /columns/emerging_russia/828404.htm   (3417 words)

  
 Russia Blog: Russia Merger Creates World's Largest Aluminum Producer
Deripaska, the 6th richest man in Russia, is now a full partner with the 4th wealthiest Russian, Viktor Vekselberg.
Deripaska was able to successfully navigate the difficult transition from the roaring 1990s (Deripaska is Yeltsin's son-in-law) to the new Kremlin regime.
This means that Deripaska "shared" some of his wealth and did not break the iron rule that Khodorkovsky did (trying to sell the means of raw materials production to foreigners).
www.russiablog.org /2006/08/the_march_of_the_national_cham.html   (675 words)

  
 Pravda.RU:Something should happen. A disaster?
According to Deripaska, one of the main economical priorities is carrying out a predictable, understandable and reasonable money and credit policy and creation of mechanisms to monitor and to control its realization.
Deripaska is considered to belong to junior branch of oligarchs of so-called 'family,' though there is an impression that he received the full pardon from Putin and from Russian power structures.
At first, Vedomosti newspaper supposed that Deripaska hastens to occupy the place of the main adviser of the authority because of the inevitable resignation of the government.
newsfromrussia.com /main/2002/08/08/34071_.html   (919 words)

  
 Out of Siberia, a Russian Way to Wealth - New York Times
Oleg V. Deripaska, a farm boy who became a physicist and then an industrialist and corporate raider, may be the richest man in Russia.
Deripaska established his political bona fides by marrying a woman who would soon become the step-granddaughter of former President Boris N. Yeltsin, a marriage that was Russia’s social event of the year.
Deripaska had proved himself to be as shrewd politically as he was financially.
www.nytimes.com /2006/08/20/business/yourmoney/20oligarch.html?ex=1313726400&en=85cbaad089aa2eac&ei=5088&partner=rssnyt&emc=rss   (1135 words)

  
 Central Asia: Is Russian Aluminum Forsaking Tajikistan For Uzbekistan? - RADIO FREE EUROPE / RADIO LIBERTY   (Site not responding. Last check: 2007-11-02)
And Deripaska's visit to Uzbekistan only served to heighten concerns in Dushanbe that a shift is under way in Russian foreign policy toward Uzbekistan and away from Tajikistan.
Washington, 7 December 2005 -- Oleg Deripaska is considered the oligarch closest to the Kremlin, and analysts generally assume he makes no move without official backing.
Deripaska was in Washington yesterday to speak at the Carnegie Endowment for International Peace, a think tank.
www.rferl.org /featuresarticle/2005/12/a71415ae-9210-430b-8213-e8b6200ae5c1.html?napage=3   (684 words)

  
 Former Partners Sue Russian Aluminium Magnate Deripaska for $300M - MONEY - MOSNEWS.COM   (Site not responding. Last check: 2007-11-02)
Russia’s second-richest man, Oleg Deripaska, is being sued for $300 million by Britain’s billionaire Reuben brothers over a disputed aluminium trading venture, the British daily The Independent reported.
But Deripaska rapidly grew powerful in his own right and was soon strong enough to join a 50/50 partnership with Trans-World in an Irish-registered aluminium company Tradalco, which operated “tolling” companies trading at huge profits.
Deripaska’s lawyer, Paul Hauser, denied that assets had been diverted, and claimed that Tradalco’s assets — currently in provisional liquidation in Ireland — have been “fully accounted for” by liquidators PricewaterhouseCoopers.
www.mosnews.com /money/2005/03/01/deripaskasued.shtml   (608 words)

  
 The St. Petersburg Times - Business - Deripaska Relinquishes Role as RusAl CEO
Deripaska will step down as Russian Aluminum, or RusAl, CEO "within days" to concentrate on managing his rapidly growing pool of assets, including 75 percent of RusAl, the company said Wednesday.
For Deripaska, relinquishing day-to-day control of his prized asset signifies a change in roles, from being an executive to being an investor, Prokofyeva said.
Industry analysts polled Wednesday agreed that Deripaska's decision to quit as CEO made sense, considering all the other businesses he is involved with.
www.times.spb.ru /index.php?action_id=2&story_id=11526   (525 words)

  
 RIA Novosti - Russia - Deripaska: Cut VAT and stop ruble-strengthening experiment
MOSCOW, September 6 (RIA Novosti) - Oleg Deripaska, Russia's sixth-richest man according to Forbes, asked the government Wednesday to cut the value-added tax and stop the experiment to strengthen the ruble.
Besides, Deripaska said, measures, including legislative ones, were required to fight corruption in big companies.
Deripaska was the world's 62nd wealthiest man in 2006.
en.rian.ru /russia/20060906/53585501.html   (218 words)

  
 Alexander's Gas & Oil Connections - Acquisition of western energy grids is possible for Russia
11-06-04 Head of Basic Element Oleg Deripaska proposed to discuss the course of energy reforms in Russia with all interested parties involved, including representatives of the Russian government, as the latter is known to hold a controlling block of shares in Unified Energy System of Russia (UES).
In Deripaska’s opinion, UES of Russia should remain a strong company, capable of competing with other major energy companies, such as Irkutskenergo, Bashkenergo, Tatenergo, and Rosenergoatom.
In conclusion, Mr Deripaska stated that Basic Element was ready to consider the possibility of acquiring 40 % of Irkutskenergo, a stake that belongs to the government.
www.gasandoil.com /goc/news/ntr42693.htm   (497 words)

  
 ATON EN > In the News / Press extracts
Deripaska's intention to purchase Kurganmashzavod: “This is a logical choice because Ruspromauto (it controls Deripaska's automotive assets) already produces military trucks and armored personnel carriers.”
It became known in autumn that Oleg Deripaska's group was interested in Kurganmashzavod.
Deripaska's intention to purchase Kurganmashzavod, “This is a logical choice because Ruspromauto (it controls Deripaska's automotive assets) already produces military trucks and armored personnel carriers.” However, Basic Element refused to discuss the prospects of its participation in the tender.
www.aton.ru /en/news/publication.asp?id=94527   (416 words)

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