Wealthy Russians see empires crumble as Putin seizes assets
Wealthy Russians are facing increased asset seizures as the government intensifies anti-corruption efforts. Notably, Vadim Moshkovich, a prominent businessman, had his stake in Ros Agro seized due to alleged violations of public service laws. This trend reflects a broader strategy of redistributing wealth and consolidating state control over business assets.
- ▪In 2025, Russia seized 1.1 trillion rubles in assets related to anti-corruption cases, significantly higher than previous years.
- ▪Vadim Moshkovich's 49 percent stake in Ros Agro was seized after a court found him guilty of abusing his political position.
- ▪The Russian government is increasingly targeting businessmen with ties to the political elite, leading to a redistribution of wealth in favor of loyal business groups.
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| Original publisher | Straits Times — World |
| Canonical URL | https://www.straitstimes.com/world/europe/wealthy-russians-see-empires-crumble-as-putin-seizes-assets |
| Publication time | Wed, 03 Jun 2026 13:00:00 +0800 |
| Retrieval time | 2026-06-03T05:06:55.412Z |
| Last seen | 2026-06-03T05:06:55.412Z |
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Wealthy Russians see empires crumble as Putin seizes assetsSign up now: Get ST's newsletters delivered to your inboxIn 2025, Russia seized 1.1 trillion rubles (S$19 billion) of assets in anti-corruption cases, according to Moscow-based law firm Nektorov, Saveliev & Partners.PHOTO: REUTERSPublished Jun 03, 2026, 01:00 PMUpdated Jun 03, 2026, 01:00 PMMOSCOW – Vadim Moshkovich switched paths multiple times during the Post-Soviet era of wild capitalism, from distributing vodka to flipping apartments. He ultimately made his big bet on commodities, founding Ros Agro, the Russian agricultural firm behind his fortune. Decades in the making, it all came crashing down in May when a Moscow court ordered the seizure of his family’s 49 per cent stake in the company.
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