Overview

Oleg Deripaska is a Russian oligarch and founder of RUSAL; the world's second-largest aluminum company; and EN+ Group. His net worth was estimated at $28 billion at its peak. Deripaska has deep ties to the Kremlin and to former Trump campaign chairman Paul Manafort; who owed Deripaska approximately $19 million from a failed Ukrainian business venture. In 2016; Manafort offered Deripaska private briefings on the Trump presidential campaign; raising critical questions about whether Russian interests received inside intelligence on U.S. election strategy. The U.S. Treasury sanctioned Deripaska in April 2018 under CAATSA (Countering America's Adversaries Through Sanctions Act) for acting on behalf of the Russian government. However; in January 2019; the Treasury controversially lifted sanctions on RUSAL and EN+ Group (though not on Deripaska personally); after intense lobbying and a deal where Deripaska reduced his ownership stake. Critics including Senate Democrats argued this was an insufficient reduction of control and amounted to sanctions relief for a Putin ally. The FBI raided Deripaska's properties in Washington D.C. and New York in October 2021 as part of an ongoing investigation. Deripaska was indicted in September 2022 for sanctions evasion; conspiring to have a child born in the U.S. to establish citizenship; and obstructing justice. He has been accused of involvement in organized crime by multiple governments; though he denies all allegations. A 2006 State Department cable described him as "among the 2-3 oligarchs Putin turns to on a regular basis."

Key Affiliations

Controversies & Concerns

Related Investigations (2)

Known Associates & Connections

Sources & Documentation

3 documented sources from official records, investigations, and reports