Oleg Deripaska

One of world?s richest businessmen, Russian billionaire Oleg Deripaska, anchored two of his yachts off the idyllic coasts of Turkey?s Bodrum province on June 22. 

Deripaska headed to his yacht ?Sputnik? (R) after landing at the Milas-Bodrum Airport in his private jet. He then went aboard his other 75-meter yacht ?Queen K,? joining his wife Polina and their two children.

The President of the European Commission, Jean-Claude Juncker, on Tuesday warned Montenegro that it risks bankruptcy if it loses an arbitration case with the Central European Aluminium Company, CEAC, which is seeking almost a billion euro in compensation for its alleged losses in the country.

The Montengrin metal company Uniprom on Tuesday bought the bankrupt aluminium plant for 28 million euro and promised to invest 76 million euros over the next four years.

Once the largest factory in Montenegro, employing thousands of workers, it now has only 720 employees. Most will lose their jobs because the new owner plans to keep only 300.

CEAC filed on Tuesday a request to a Vienna court for arbitration proceedings with the Montenegrin government, seeking over 600 million euro in compensation for losses for the aluminum plant's bankruptcy.

The biggest creditors of the KAP aluminium plant are the Montenegrin government and Russian billionaire Oleg Deripaska, through CEAC.