News Snapshot:
Russia could run out of money as soon as next year unless it receives an infusion of cash from “friendly” countries that will help it overcome crippling sanctions from the Kremlin’s invasion of Ukraine, according to oligarch Oleg Deripaska. “There will be no money already next year,” Deripaska, who is thought to be Russian President Vladimir Putin’s favorite industrialist, said at an economic conference in Siberia on Thursday, Bloomberg News reported. “We will need foreign investors.” Deripaska, who made his fortune in the aluminum trade, complained to his fellow tycoons that the Moscow government has “already begun to shake us...
