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

    Lol so Russia is running dry if they're stealing from the rich

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  • [–] 28 points 3 months ago (7 children)

    Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget

    Won't be long until Trump hears about this new grift from his old mate, Vlad!

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

    with some making large voluntary contributions to the state budget

    In the US, we call these campaign contributions.

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  • [–] 3 points 3 months ago

    Trump has gotten more brazen. Buy his cryptoscam, pay to build his ballroom, give his wife a sweetheart movie deal, the list goes on and on. And yeah, then there's the IRS tax audit immunity that would allow him and associated people to steal an estimated $100 million in forgone taxes. Truly a man who looked at the Russian kleptocracy and said "I want some of that."

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  • [–] 2 points 3 months ago (2 children)

    We were already on trajectory for this if AI worked out the way they wanted it to. Where does the US military budget come from if 90% of the tax base are laid off?

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  • [–] 27 points 3 months ago
    [–] 22 points 3 months ago

    The move has intensified unease among Russia’s wealthy...

    We need to intensify the unease among our own wealthy but for vastly different reasons.

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  • [–] 19 points 3 months ago (3 children)

    Every single country should have seized all the money from Russian oligarchs and spent the money on enabling Ukraine to defend itself. Now, even Russia beat you to it, FFS...

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  • [–] 1 point 3 months ago (2 children)

    You can only seize the assets within your country. That means that the assets outside of Putin's reach are still sizable.

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  • [–] 1 point 3 months ago* (last edited 3 months ago) (1 child)

    A lot of the oligarchs' assets are held in other countries, this story is a prime reason why. But other countries are cowardly and only freeze the funds, not appropriate them.

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

    Hope Elon is paying attention…

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  • [–] 17 points 3 months ago
    [–] 11 points 3 months ago

    That's what we should do to all of them.

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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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  • [–] 9 points 3 months ago (2 children)

    yeah that will probably do a lot to make the russian oligarchs against the war

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

    And do what? They are not some united people. They're literally just grifters that will take as much scrap as possible and if Piotr is dead and his money is taken - good maybe there's an opportunity for me to grift more now and I didn't like Piotr anyway.

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  • [–] 6 points 3 months ago (2 children)

    heh, so Russia is going communist again..,

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

    Again? You have to be communist once before you can be again. Putin and the oligarchs are a continuation of the Stalinist/Leninist power structures. Which claimed they were aspirationally communist. The same way Jeffry Dahlmer was aspirationally a humanist.

    Nah, the power structure is just cannibalizing itself to try to preserve itself again. The Russian people will continue to be screwed.

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

    So he has to resort to theft for financing his Ukrainian folly?

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  • [–] 1 point 3 months ago

    Its hard to be very sad that Putin is eating Russian oligarchs. If he could just do that to some Israeli and American oligarchs I might start being a fan. How about Musk? Putin could cash him out for a trillion. Musk and Putin are buddies and talk regularly evidently

    https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187

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  • [–] 0 points 3 months ago

    wait till the us starts doing this on the lesser rich people. talk about leapords ate my face.

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  • [–] -3 points 3 months ago

    TINY PP ENERGY

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  • [+] -9 points 3 months ago (2 children)

    You know Mamdani's gotta be at least a little jealous

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