London Daily

Focus on the big picture.
Sunday, Oct 04, 2026

Russian aluminium billionaire Deripaska warns of long war in Ukraine

Russian aluminium billionaire Deripaska warns of long war in Ukraine

Russian aluminium tycoon Oleg Deripaska said on Sunday that U.S. President Joe Biden's speech in Warsaw indicated that some sort of "hellish ideological mobilisation" was underway that may usher in a long conflict in Ukraine.
Deripaska, the founder of Russian aluminium giant Rusal (RUAL.MM) who has previously called for peace, said his personal opinion was that the conflict in Ukraine was "madness" which would bring shame on generations to come.

Deripaska, who has been sanctioned by the United States and Britain, did not assign explicit blame for the conflict but said both the United States and Russia had sharpened their rhetoric.

Deripaska said he had hoped that the conflict could have ended weeks ago but that Biden's speech - in which the U.S. president spoke about a much broader conflict between democracy and autocracy - indicated it could last much longer.

"Now some sort of hellish ideological mobilisation is underway from all sides," Deripaska said on Telegram. "That's it: these people are preparing to fight for a few years more."

"It appears all sides are recklessly gearing for a long-term war that will have tragic consequences for the entire world."

The United States in 2018 imposed sanctions on Deripaska and other influential Russians because it said they were profiting from a Russian state engaged in "malign activities" around the world.

The sanctions, an attempt to punish Moscow for alleged meddling in the 2016 U.S. election, were "groundless, ridiculous and absurd", Deripaska said at the time.

Since the Feb. 24 invasion of Ukraine, Deripaska has been sanctioned by Britain for his alleged ties to President Vladimir Putin. He has said it will be for the courts to decide the fate of the sanctions.

Putin has said Russia's "special military operation" in Ukraine was necessary because the United States was using the country to threaten Russia and Moscow had to defend against the persecution of Russian speakers by Ukraine. Ukraine has dismissed the claims of persecution as a baseless pretext for invading.
Newsletter

Related Articles

0:00
0:00
Close
UK Introduces Stricter Subcontractor Checks and Expanded Trade Union Access
Green Party Proposes Three-Year Emergency Freeze on Private Rent Increases
UK Treasury Committee Seeks Tax Clarification Over Manchester City Investigation
Royal Marines Deploy to Faroe Islands for Northern European Security Exercise
UK Business Confidence Weakens as High Costs Delay Investment
UK GDP Growth Revised Up to 0.5% in Second Quarter
Bank of England Warns of Financial Stability Risks From Autonomous AI
UK Expands Early Prisoner Release Scheme to Ease Overcrowding
UK Records Worst Bluetongue Outbreak on Record Across Livestock Farms
UK Government Faces Shrinking Fiscal Headroom Ahead of October 28 Budget
UK 30-Year Gilt Yield Reaches 6% as Energy Shock Drives Borrowing Costs Higher
Church of England to Apologize for Role in Historical Forced Adoptions
UK Defence Ministry Investigates Historical Use of RAF Bases by Jeffrey Epstein
Scottish Housing Completions Fall to 11-Year Low
Welsh First Minister Calls for Expanded Devolution Settlement
UK Pledges £50 Million to Expand Domestic Military Drone Capabilities
UK Opens First Commercial Geothermal Plant in Cornwall
Green Party Wins Gorton and Denton By-Election as Labour Falls to Third
Prime Minister Andy Burnham Opens Review of UK-EU Relationship
UK Inflation Rises to 3.1%, Adding Pressure on Household Finances
UK Removes VAT From Domestic Electricity Bills to Ease Winter Energy Costs
Counterterrorism Police Arrest Sixth Suspect Over RAF Fairford Incident
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Chancellor John Healey Faces Tax and Pension Scrutiny Ahead of Autumn Budget
Metropolitan Police Apologise for Accidental Disclosure in High-Profile Investigation
UK Universities Report Record International Enrolment as Housing Pressure Grows
UK Logistics Firms Monitor Rhine Disruption as Low Water Threatens European Supply Chains
UK Food Industry Warns Inflation Could Approach 7%
UK Introduces Vaping Duty and Mandatory Retail Stamps
Scotland Raises Property Taxes and Expands Child Payment in Annual Budget
Greggs Plans Four Factory Closures With 740 Jobs at Risk
OECD Raises UK 2026 Growth Forecast to 1.1%
UK Inflation Rises to 3.1% as Bank of England Faces Rate Debate
Andy Burnham Criticises Brexit and Says Rejoining EU Single Market Remains an Option
UK Imposes New Sanctions on Russian Military Networks and Propagandists
UK Launches Nationwide Early-Release Prison Scheme
Andy Burnham Says Security Services See Signs of Iranian Involvement in RAF Fairford Incident
Manchester City Found Guilty on Premier League Financial Charges After Independent Investigation
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
×