MOSCOW, March 16 (Reuters) - Russian billionaire Oleg Deripaska has said that Western investors should not be pressured to sell their Russian assets, a practice he said was dishonest, short-sighted and harmful to the Russian and global economies. Some Western investors who have remained in Russia say they have come under pressure to sell up, being offered bargain-basement prices and threatened with effective expropriation. "It is important that the few Western investors who still work in Russia remain owners of their enterprises and be able to survive these difficult times." In the wartime economy of Russia, some businessmen have become billionaires by acquiring the prime assets of Western companies at extremely discounted prices. Since the invasion of Ukraine, Deripaska himself has been sanctioned by Britain for his alleged ties to Putin.

Source: Forbes March 16, 2024 15:57 UTC