Russia may run of out money next year and needs foreign investors due to 'serious' pressure from sanctions, oligarch warns

• Aluminum tycoon Oleg Deripaska warned Thursday that Russia may run out of money in 2024.
• He told the Krasnoyarsk Economic Forum that funds were running low, Bloomberg reported.
• Deripaska said Russia needs foreign investors due to "serious" pressure from western sanctions.

Russia may run out of money in 2024 due to sanctions imposed by the West following Vladimir Putin's invasion of Ukraine, Oleg Deripaska warned Thursday. 

The aluminum oligarch told the Krasnoyarsk Economic Forum in Siberia that Russia "will need foreign investors" as its funds were running low and "there will be no money already next year," Bloomberg reported.