Economics
Sanctions Crisis Risks 60,000 Workers and Putin Needs a Plan
- Kremlin has discussed aid for Rusal, but no proposal yet
- Deripaska’s businesses also include dairy farms and airports
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Two weeks after the U.S. slapped sanctions on Russia’s United Co. Rusal, some workers are starting to worry: will they get paid next week?
As customers, banks and suppliers flee the business empire of Oleg Deripaska that has been targeted by American authorities, there are more than 60,000 Russian workers counting on President Vladimir Putin for a bailout. But there’s no concrete plan, and the clock is ticking on when Rusal will run out of money.