Economics

Deripaska’s Hard Times Help Oligarch Weather Trump Sanctions

Embattled metals tycoon has been damaged by his battle with Washington, but his key businesses remain in tact

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Oleg Deripaska’s rise from a small Soviet village on Russia’s southern steppe to billionaire commodities tycoon was rarely free from conflict.

He emerged from the all-too-literally-named aluminum wars of the 1990s with his nascent business empire in tact, won legal battles over embittered rivals and disgruntled partners alike, and fought off near-bankruptcy during the global financial crisis.