Record asset seizure: Authorities confiscated $7.6 billion in holdings tied to Vadim Moshkovich, the largest nationalization in recent years.

Part of wider campaign: The Kremlin has transferred an estimated $89.7 billion in private assets to state control since the Ukraine war began.

Elite on alert: Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget.

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[–] 112 points 3 months ago* (last edited 3 months ago) (11 children)

Putin is draining the Russian federation of money and workers, destroying the Russian empire from within, so he can pursue his personal interests of expanding the Russian Empire.

Once some people actually considered this man smart, but in reality he is a one trick pony, and the trick is disinformation, problem is that disinformation is not a strategy, it is at best a tactic, and tactics only have so many uses before they don't work anymore.

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  • [–] 10 points 3 months ago (4 children)

    Agree and upvoted, but I just wanted to pedantically brag about the mnemonic I learned today:

    Disinformation = Dishonest, Deceptive

    Misinformation = didn't have a good one for this...

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  • [–] 8 points 3 months ago (1 child)

    Unless the money is being paid to other nations, they are just doing what we should all do, nationalize billionaires and pay for things. It liquifies the economy.

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  • [–] 2 points 3 months ago

    Absolutely tax the billionaires, problem is that Putin is drawing money out of Russian companies, and many smaller companies are going bankrupt.
    And the Russian companies don't have money to maintain production and much less to expand it.
    The money is not pulled out for anything constructive, they are pulled out to finance his stupid war that is destroying Russia.

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