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.
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.