Russia has withstood Western pressure by developing new trade and boosting domestic investment, Oleg Deripaska says The sanctions that the West has imposed on Moscow are ineffective and outdated, Russian businessman Oleg Deripaska told Financial Times on Tuesday. The founder of the world’s second-largest aluminum company, Rusal, likened sanctions to an economic “wonder-weapon,” but noted that their effectiveness is doubtful and could be harmful to the global economy as a whole. “I always doubted this Wunderwaffe [wonder-weapon], as Germans used to say, of sanctions – weaponizing the financial system as a kind of t
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