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Putin Joins Trump in Finding Ways to Ease Deripaska's Pain

  • Russia plans to more than double aluminum use within decade
  • Rusal’s domestic sales seen consuming two-thirds of output
Vladimir Putin, left, and Oleg Deripaska at 2017 APEC Summit.
Vladimir Putin, left, and Oleg Deripaska at 2017 APEC Summit.Photographer: Mikhail Klimentyev/TASS/Getty Images

Oleg Deripaska has seen the post-sanctions future of his global aluminum empire and it’s full of Russian footbridges and fighting vehicles.

The United Co. Rusal billionaire agreed to cede absolute control of his flagship company to win relief from the Trump administration sanctions that halved its value -- but not before charting a recovery path with the help of Vladimir Putin, an old ally whose policies prompted the penalties in the first place.