Biden victory will spell disaster for U.S.-Russia relations, warns billionaire

All existing anti-Russia sanctions will seem like flowers in comparison to what's coming if Democrats win back power in November, says Russian aluminum tycoon Oleg Deripaska.

While it is well known that the Democratic establishment despises Russia with a passion, Russian billionaire Oleg Deripaska believes that a Joe Biden victory in November’s U.S. presidential election would result in a new wave of much tougher sanctions on the country.

Deripaska says Washington is already waging 'economic war' on Russia and the Kremlin needs to wake up to the reality of what may lie ahead.

In an interview with Business FM, the aluminum tycoon explained that, in the case of a Democrat victory, Russia should expect a new package of 'sanctions from hell' in the spring of 2021, shortly after 77-year-old Biden’s inauguration.

The proposed new sanctions are named in a draft bill called Defending American Security from Kremlin Aggression Act (DASKA), and target Russian banks as well as oil and gas companies, plus those suspected of being involved in cyberattacks against the U.S. 

Washington began to impose sanctions on Russian government entities, companies and private citizens in 2014 when a Western-backed coup-d'etat in Kiev resulted in Crimea's secession from Ukraine and reunification with Russia.

As of 2018, Deripaska has personally been under sanctions by the U.S. In March 2019 he filed a lawsuit against the US Treasury Department at the District Court in Washington, DC, alleging that the measures against him are rooted in “false rumor and innuendo.”

Sources: RT, Business FM