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
    25
    arrow-down
    4
    ·
    22 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.