Russia Confiscates $7.6Bln in Assets in Largest Nationalization Yet
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Source: The Moscow Times
Published: 2026-06-12 20:14 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Europe, Ukraine/Russia
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Snippet:
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.
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