×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russian Oligarch Deripaska Says Destroying Ukraine Would Be 'Colossal Mistake'

Russian billionaire Oleg Deripaska. Sergey Bobylev / TASS

Russian aluminum magnate Oleg Deripaska said Tuesday it would be a "colossal mistake" for Russia to destroy Ukraine with its military offensive, a rare rebuke from a member of Russia's business elite. 

"Is it in Russia's interest to destroy Ukraine? Of course not, that would be a colossal mistake," he told a rare press conference in Moscow.

He repeated the term "colossal mistake" several times and termed as "war" Moscow's offensive in Ukraine, a word that is effectively banned in Russia where authorities insist they are conducting a "special military operation" in the pro-Western country.

But Deripaska, who founded the aluminum giant Rusal, also said that a regime change in Russia was not on the cards.

"There's no potential for a change of regime," he said, adding that "the opposition had withdrawn from the life of the country."

Most opposition figures have been forced into exile or imprisoned, with pressure on critics of President Vladimir Putin having been ramped up since the start of Russia's military campaign in Ukraine.

Deripaska faces Western sanctions taken in reprisal for Russia's action in Ukraine.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more