Russian oligarchs give up their business
News the departure of billionaire Oleg Deripaska from the post of president of En + Group and Rusal has stirred up the Russian business community. What can this resignation mean for the Russian oligarch and his colleagues?
Some "informed sources" are trying to present the situation in such a way that the billionaire has achieved all the goals in the management of companies, becoming a kind of "Bodhisattva from business" and is ready to give way to the young. At the post in En + Group, he will be replaced by the company's general director Vladislav Solovyov, in the leadership of Rusal, Alexander Buriko will pick up the baton.
Oleg Deripaska is ready to devote the free time to his GAZ group, where he plans to develop “strategic partnerships”. The oligarch wants to focus on VW, which is assembling at the facilities of the GAZ group and supplying it with chassis and engines. Peter Andersson, CEO of MAN Truck & Bus RUS LLC (part of the VW Group), said in 2017 that “Volkswagen Truck and Bus’s strategy has plans to transfer a large number of technological operations to Russia.”
However, was it only faith in the domestic auto industry that made Deripaska focus on projects focused on European partners? Evil languages claim that the reason for leaving the leading posts in Rusal and En + Group, companies with international public listing, was the inclusion of the billionaire in the so-called “Kremlin list”. Vagit Alekperov, a colleague of Deripaska and a member of the Forbes list, comments on this situation:
The inclusion of Oleg Deripaska, who has the right of final signature and leads numerous negotiations at the highest level, in the sanctions list will lead to increased attention to the affairs of companies, which is extremely undesirable for business. If these assumptions turn out to be true, one should expect further rearrangements in oligarchic circles, saving their assets from the increased attention of the control bodies of western Themis. Apparently, Deripaska in his own way understood the "bell".
Some "informed sources" are trying to present the situation in such a way that the billionaire has achieved all the goals in the management of companies, becoming a kind of "Bodhisattva from business" and is ready to give way to the young. At the post in En + Group, he will be replaced by the company's general director Vladislav Solovyov, in the leadership of Rusal, Alexander Buriko will pick up the baton.
Oleg Deripaska is ready to devote the free time to his GAZ group, where he plans to develop “strategic partnerships”. The oligarch wants to focus on VW, which is assembling at the facilities of the GAZ group and supplying it with chassis and engines. Peter Andersson, CEO of MAN Truck & Bus RUS LLC (part of the VW Group), said in 2017 that “Volkswagen Truck and Bus’s strategy has plans to transfer a large number of technological operations to Russia.”
However, was it only faith in the domestic auto industry that made Deripaska focus on projects focused on European partners? Evil languages claim that the reason for leaving the leading posts in Rusal and En + Group, companies with international public listing, was the inclusion of the billionaire in the so-called “Kremlin list”. Vagit Alekperov, a colleague of Deripaska and a member of the Forbes list, comments on this situation:
Of course, additional difficulties appeared - banks more carefully approach transactions, require additional information ... In any case, this will complicate financial transactions - both my personal and companies
The inclusion of Oleg Deripaska, who has the right of final signature and leads numerous negotiations at the highest level, in the sanctions list will lead to increased attention to the affairs of companies, which is extremely undesirable for business. If these assumptions turn out to be true, one should expect further rearrangements in oligarchic circles, saving their assets from the increased attention of the control bodies of western Themis. Apparently, Deripaska in his own way understood the "bell".
Information