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Tycoon Deripaska Warns Russia May Run Out of Money in 2024

Oleg Deripaska
Oleg Deripaska

Photographer: Natalia Kolesnikova/AFP/Getty Images

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Billionaire Oleg Deripaska said Russia could find its coffers empty already next year and needs investment from “friendly” countries to break the hold of sanctions on the economy.

“There will be no money already next year,” Deripaska said Thursday at the Krasnoyarsk Economic Forum in Siberia. “We will need foreign investors.”