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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[–] 10 points 3 months ago

Looks like this guy was trying to do something in Cyprus but forced home, arrested in 2025, and now having his assets seized.

Must not have been on board with the war in the beginning https://www.reuters.com/markets/europe/russias-rusagro-loses-third-its-value-after-moshkovich-detained-2025-03-27/

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