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.

    • Eldritch@piefed.world
      link
      fedilink
      English
      arrow-up
      19
      arrow-down
      3
      ·
      7 hours ago

      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.