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.

  • Janx@piefed.social
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    8 minutes ago

    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…

  • Buffalox@lemmy.world
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    7 hours ago

    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.

    • Lemming6969@lemmy.world
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      4 hours ago

      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.

    • inb4_FoundTheVegan@lemmy.world
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      6 hours ago

      Once some people actually considered this man smart, but in reality he is a one trick pony

      You fool! Comrade Pony has many tricks!

      begins riffling through desk looking for a gun.

    • jestho@lemmy.zip
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      7 hours ago

      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…

  • NM_Gringo@lemmy.world
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    6 hours 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.

  • Aniki@feddit.org
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    7 hours ago

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

    • Dr. Moose@lemmy.world
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      7 hours ago

      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.

    • Eldritch@piefed.world
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      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.