Russian billionaire Viktor Vekselberg will name Conor Lenihan, the former minister of state for science, as a senior adviser for his Renova Group investment company, according to two people with knowledge of the move.

Russian billionaire Viktor Vekselberg yesterday quit as chairman of the largest aluminium producer in the world, UC Rusal, saying the heavily indebted firm was in deep crisis after a long battle with rival oligarch Oleg Deripaska.

A cosmonaut who works for a space research agency part-funded by a billionaire Russian oil baron will visit Europe’s largest radio telescope in East Cork this weekend.

A prized collection of Fabergé eggs owned by the family of late American publisher Malcolm Forbes has been sold to a Russian oil tycoon who said he intends to return the collection to their homeland.