Deripaska: Russia facing severe three-year crisis, first step to exit should be peace
Russian businessman Oleg Deripaska predicts that Russia will face a severe crisis for at least three years due to military aggression against Ukraine.
"I understand this better than others. When people tell you: will they lower the iron curtain or not? The crisis [waiting for the country] for at least three years is the most severe. Multiply the 1998 crisis by at least three," he said speaking at Krasnoyarsk Economic Forum.
"It will be necessary to reopen this curtain. The first step is peace. The second step is to honestly discuss where we live, how we live, under what conditions, who commands what, what risks it carries, it is certainly important to raise the population. I am against the most severe financial pressure, it [population] is not to blame for anything," Deripaska said.
Deripaska said that in three weeks it would be clear what happened to the Russian state-owned banks as a result of sanctions.
Advertising
Advertising
MORE ABOUT
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NATO issues statement condemning Russia’s hybrid activities
20:59, 02.05.2024
Enemy surveillance complex Murom-M hit by UAV strikes in village of Belgorod region
20:47, 02.05.2024
UZ becomes target of mass attacks by Russians: Three railway workers killed in Donetsk region
20:10, 25.04.2024
Ukraine transfers list of 561 detained children to Russia through Qatar – Ombudsman
19:55, 25.04.2024
LATEST
O. Kuleba: Over 100 delegates from 16 countries to take part in 2nd Intl Summit of Cities and Regions in Kyiv; over 10 agreements planned to be signed
20:54, 08.05.2024
Court on May 9 will consider petition of SBI and PGO for seizure of Ferrexpo PGOK cars in case of illegal subsoil use
20:18, 08.05.2024
Jewish Confederation of Ukraine calls on Rada to recognize Hamas as terrorist organization
19:50, 08.05.2024
Ukraine's CEC: Results of presidential elections in Russia are insignificant
19:35, 08.05.2024
Number of people injured as result of attack on Kharkiv rises to seven - prosecutor's office