The Daily Populous Friday June 12nd, 2026 evening edition
Authored by themoscowtimes.com and submitted by overflow_

Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday, in what appears to be the largest asset seizure of Russia's recent wave of nationalizations.

Moshkovich, 58, founder of major agricultural producer Rusagro and ranked 51st on Forbes Russia's list of the country's wealthiest businessmen, has been held in pre-trial detention since March last year. Former Rusagro Chief Executive Maxim Basov was also arrested in connection with the case.

The seizure underscores the scale of the Kremlin's campaign to bring private assets under state control since the full-scale invasion of Ukraine, a drive that has already transferred businesses worth an estimated 6.5 trillion rubles ($89.7 billion) to government ownership.

The Interior Ministry said its investigation into Moshkovich had been completed and that all property seized in the case had been "transferred to state revenue."

In May, Moscow's Khamovniki District Court ordered the nationalization of Rusagro, one of Russia's largest agricultural companies. Rusagro is the country's second-largest pork producer, third-largest sugar producer and controls more than 800,000 hectares of agricultural land.

Puzzman on June 12nd, 2026 at 12:18 UTC »

“Bloomberg reported that the federal budget subsequently received 220 billion rubles ($3.04 billion) in what officials described as gratuitous contributions following Putin's annual meeting with leading business executives.”

The_Upperant on June 12nd, 2026 at 11:40 UTC »

While many things change over the course of history, some things stay the same.

Biggest Boss is short on funds. Find rich guy Accuse rich guy of something Confiscate all the stuff of rich guy Find new rich guy and repeat process

Happens since ancient times in all cultures all over the world.

I think it will probably stay around in one form or another.

Keening99 on June 12nd, 2026 at 11:35 UTC »

From the article

> Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday