Oleg Deripaska

Oleg Vladimirovich Deripaska is a Cypriot-Russian oligarch. He is the founder of Basic Element, one of Russia’s largest industrial groups, and Volnoe Delo, Russia’s largest charitable foundation.

  • Oleg Deripaska is the founder of Basic Element, a Russian industrial group with interests in aluminum, energy, construction, agriculture and more.
  • In April 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control imposed sanctions against Deripaska and some of his companies.
  • In January 2019, OFAC lifted sanctions on En+ Group, UC Rusal and Eurosibenergo, and Deripaska agreed to permanently reduce his stake to 44.95%.
  • He was the richest person in Russia and the 9th richest in the world in 2008 before nearly losing it all due to crashing markets and heavy debts.
  • In an IPO in November 2017, En+ Group, which combined Deripaka’s stake in US Rusal andassets in the electric power industry, raised $1.5 billion.

Basic Element Oleg Deripaska