Deripaska

Billionaire Oleg Deripaska is at the middle of the central crime of Trump-Russia. Is he a spy, the conspiracy’s mastermind or a double agent?

Showdown at Pikalevo

The 2009 global liquidity crisis ground Russian manufacturing to a near-halt. In Pikalevo, Russia, workers at the local aluminum refinery had gone unpaid for weeks. Oleg Deripaska, the plant’s 41-year-old owner, was inside and expecting word of a guest. Just months earlier, the oligarch had been named Russia’s richest man by Forbes – worth $28 Billion. Now he was facing financial ruin and a visit from the (then) Prime Minister Vladimir Putin.

Putin strode into town, media in tow, and into a meeting with the owners. He accused them of “ambition, incompetence and pure greed,” in a dramatic dressing down that was later broadcast on national TV.

“These are real people, and if you can’t [reopen the factory], we’ll do it without you,” he continued.

Putin then passed around contracts which committed the owners to pay the late salaries f…