Oligarch Oleg Deripaska told the FT he was surprised at Russia's economic resilience.
Deripaska, who is worth $2.3 billion, said demand from the global south is supporting Russia's economy.
It's an about-turn for Deripaska, who, in March, said sanctions-hit Russia may run out of money next year.
Anton Siluanov, the country's finance minister, told the CGTV channel last month he expects the Russian economy to grow by at least 2.5% this year.
"Out of the next billion people who're about to be born, 70% will be in this region," Deripaska told the FT. "Let's face reality.
Persons:
Oligarch Oleg Deripaska, Deripaska, —, oligarch Oleg Deripaska, It's, Anton Siluanov, it's
Organizations:
Service, Financial, New York Times, International Monetary Fund, US, European Union, Russia
Locations:
Russia, Ukraine