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Interview

Trade with Asia 'lifeline' for sanction-hit Russia, says Oleg Deripaska

Oligarch says exchange with India and China vital as Ukraine war takes toll

Oleg Deripaska, founder of aluminum giant Rusal, speaks to Nikkei Asia in an interview in Tokyo on Aug. 5. (Photo by Suzu Takahashi)

TOKYO -- Asian countries' trade with Russia since its invasion of Ukraine has been vital for its economic survival amid a barrage of Western sanctions, according to a billionaire oligarch considered close to President Vladimir Putin.

Moscow's continued ability to export goods to "countries that pursue their own interests," chiefly India and China, "was definitely a lifeline for [Russian] trade," metal magnate Oleg Deripaska told Nikkei Asia.

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