Oleg Deripaska
CEO and Chairman of the Management Board of UC RUSAL Oleg Deripaska
The Ukrainian conflict was just a trigger for the sanctions, which demonstrated the failure of all previous efforts to set up healthy relations between Russia and the West, Russian tycoon and head of Rusal, Oleg Deripaska, told RT in Sochi.

"I think the sanctions have nothing to do with Ukraine. Ukraine was just a reason. [The sanctions] were a failure of any attempt which was taken in the past to build normal relations between Europe and Russia - from both sides," Deripaska told RT at the Investment Forum in Sochi.

Oleg Deripaska said the West started pressing Russia before the first sanctions were imposed - just ahead of the Sochi Olympics.

"We should give a lot of credit to Sochi, [as it showed] a different world, [despite] whatever appeared in the Western press," he said.

Asked if people across the globe are more anti-Russia than ever, Deripaska answered that "it's not people, it's [about] various lobbying groups and various interests."

"You remember all the complaints before the Olympics. They've been intentionally stopping any efforts from the Russian side to be normal, to look normal in the West. My view is we should go down as deep as possible, as quick as possible, and then touch the bottom and go up, and think what's actually common between us, if there is any chance to have this Portugal-Vladivostok trade zone and opportunities to live together."

Watch the video here.