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Deal to Save Rusal Leaves Billionaire Deripaska Out in the Cold

  • Rusal and En+ execs, board members avoid direct communication
  • Rival Potanin says Deripaska’s absence is being felt
Updated on

A deal that convinced the U.S. to lift sanctions on companies linked to Oleg Deripaska may have helped restore order to the global aluminum market, but it’s left the Russian billionaire himself increasingly isolated.

Executives and board members at United Co. Rusal and parent En+ Group Plc now avoid communicating directly with their biggest shareholder, who remains under personal sanctions, according to people familiar with the matter. Deripaska has been missing from the splashy VIP events he’d previously frequented and even fellow billionaire Vladimir Potanin says his rival’s absence is being felt.