Oleg Deripaska

Oleg Deripaska

Oleg Vladimirovich Deripaska (born 2 January 1968) is a Russian Oligarch who made his fortune in the aluminium wars of the 1990s. He received his first major break aged 25 in 1994 when the Reuben Brothers helped him to buy the Sayansk aluminium plant via their company Trans-World. The Reubens later fell out with him and sold their Russian aluminium business to Boris Berezovsky and Roman Abramovich, who created the giant Rusal aluminium company together with Deripaska.

Conservative solicitation

Nathaniel Rothschild claimed in a letter to the The Times that the Conservatives attempted to solicit a donation from Deripaska in the summer of 2008.

Sir, Since your paper - along with your sister publication The Sunday Times - has made much out of what may or may not have happened at a private gathering of my friends this summer in Corfu, I thought I should make the following observations. I am surprised that you focus on the fact that one of my guests, Peter Mandelson, is a friend of another, Oleg Deripaska. Not once in the acres of coverage did you mention that George Osborne, who also accepted my hospitality, found the opportunity of meeting with Mr Deripaska so good that he invited the Conservatives’ fundraiser Andrew Feldman, who was staying nearby, to accompany him on to Mr Deripaska’s boat to solicit a donation. Since Mr Deripaska is not a British citizen, it was suggested by Mr Feldman, in a subsequent conversation at which Mr Deripaska was not present, that the donation was “channelled” through one of Mr Deripaska’s British companies. Mr Deripaska declined to make any donation.

Affiliations

• Belfer Center for Science and International Affairs