Russia seizes $7.6B in billionaire's assets in major nationalization
19h 32m ago by lemmy.world/u/Some_Emo_Chick in world from www.msn.com
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.
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.
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.
looking for a window.
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...
Misinformation = might be mistake
What would antidisinformationtarianism be? Incorrect pedantry?
Ah yes of course, it was a slip-up, because in my language we use the word misinformation in the meaning of disinformation.
I have corrected the post.
Misinformation = mistakes?
So disinformation leads to misinformation?
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.
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.
Lol so Russia is running dry if they're stealing from the rich
He only seizes the means of production...
The move has intensified unease among Russia’s wealthy...
We need to intensify the unease among our own wealthy but for vastly different reasons.
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...
You can only seize the assets within your country. That means that the assets outside of Putin's reach are still sizable.
Hope Elon is paying attention…
That the government might come after his stocks? They already do.
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!
with some making large voluntary contributions to the state budget
In the US, we call these campaign contributions.
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."
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?
The other 10%, as long as they make under $100,000.
The other 10% will be blue collar workers. You can tax that base 100% and you would still be missing 90% of the revenue you need.
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/
yeah that will probably do a lot to make the russian oligarchs against the war
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.
They're United in their efforts to remove windows from upper floors.
That's what we should do to all of them.
heh, so Russia is going communist again..,
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.
Jeffry Dahlmer was just a lonely guy looking for human connection.
So he has to resort to theft for financing his Ukrainian folly?
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
wait till the us starts doing this on the lesser rich people. talk about leapords ate my face.
TINY PP ENERGY
You know Mamdani's gotta be at least a little jealous
I mean shit, aren't you?
Would if he could.