Support The Moscow Times!

Deripaska Wants Capital Moved to Siberia

Russian aluminium magnate Oleg Deripaska made the proposal at the Davos economic forum.

Russian aluminium magnate Oleg Deripaska has proposed moving the nation's capital to Siberia, to stem the concentration of power and "corruption" in Moscow and help integrate the country into Asian and Pacific economies, a news report said.

Deripaska, whose RusAl aluminum company has most of its plants in the Siberian region of Krasnoyarsk, made the proposal at the Davos economic forum during a panel discussion about Siberian development, Vedomosti reported on Thursday.

"Moscow means excessive centralization and corruption," Deripaska said. He named Krasnoyarsk and Irkutsk as candidates for a new capital.

Deripaska said that integrating Russian into the Asian and Pacific region's economies was a "question of the country's survival."

Russians widely debated moving the capital to St. Petersburg in the early 2000s, after President Vladimir Putin — a native of that city — came to power, and the question has resurfaced repeatedly in later years.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.