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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[–] 1 point 3 months ago

Idea is that if you steal people's money, other people won't trust you with more money. Fair enough, but I don't think this should apply anymore when your country starts an unprovoked war of aggression.

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