Sanctions an outdated 19th-century tool Russian tycoon

The country has withstood Western pressure by developing new trade and boosting domestic investment, Oleg Deripaska has claimed

The sanctions that the West has imposed on Moscow are ineffective and outdated, Russian businessman Oleg Deripaska told Financial Times on Tuesday.

The founder of the world's second-largest aluminum company, Rusal, likened sanctions to an economic "wonder-weapon,"