this post was submitted on 16 Jun 2026
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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.

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[–] ShinkanTrain@lemmy.ml 4 points 3 hours ago
[–] finallymadeanaccount@lemmy.world 1 points 2 hours ago (1 children)

Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget

Won't be long until Trump hears about this new grift from his old mate, Vlad!

[–] Corkyskog@sh.itjust.works 1 points 1 minute ago

We were already on trajectory for this if AI worked out the way they wanted it to. Where does the US military budget come from if 90% of the tax base are laid off?

[–] kreskin@lemmy.world 1 points 2 hours ago

Its hard to be very sad that Putin is eating Russian oligarchs. If he could just do that to some Israeli and American oligarchs I might start being a fan. How about Musk? Putin could cash him out for a trillion. Musk and Putin are buddies and talk regularly evidently

https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187

[–] Janx@piefed.social 10 points 7 hours ago

Every single country should have seized all the money from Russian oligarchs and spent the money on enabling Ukraine to defend itself. Now, even Russia beat you to it, FFS...

[–] theacharnian@lemmy.ca 9 points 8 hours ago
[–] Buffalox@lemmy.world 73 points 14 hours ago* (last edited 13 hours ago) (3 children)

Putin is draining the Russian federation of money and workers, destroying the Russian empire from within, so he can pursue his personal interests of expanding the Russian Empire.

Once some people actually considered this man smart, but in reality he is a one trick pony, and the trick is disinformation, problem is that disinformation is not a strategy, it is at best a tactic, and tactics only have so many uses before they don't work anymore.

[–] Lemming6969@lemmy.world 5 points 10 hours ago (1 children)

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.

[–] Buffalox@lemmy.world 1 points 2 hours ago

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.

[–] inb4_FoundTheVegan@lemmy.world 13 points 13 hours ago* (last edited 13 hours ago)

Once some people actually considered this man smart, but in reality he is a one trick pony

You fool! Comrade Pony has many tricks!

*begins riffling through desk looking for a gun. *

[–] jestho@lemmy.zip 4 points 14 hours ago (3 children)

Agree and upvoted, but I just wanted to pedantically brag about the mnemonic I learned today:

Disinformation = Dishonest, Deceptive

Misinformation = didn't have a good one for this...

[–] OhNoMoreLemmy@lemmy.ml 7 points 13 hours ago (1 children)

Misinformation = might be mistake

[–] yakko@feddit.uk 1 points 11 hours ago

What would antidisinformationtarianism be? Incorrect pedantry?

[–] Buffalox@lemmy.world 6 points 13 hours ago* (last edited 13 hours ago)

Ah yes of course, it was a slip-up, because in my language we use the word misinformation in the meaning of disinformation.
I have corrected the post.

[–] towerful@programming.dev 2 points 12 hours ago

Misinformation = mistakes?

So disinformation leads to misinformation?

[–] newthrowaway20@lemmy.world 27 points 14 hours ago (1 children)

Lol so Russia is running dry if they're stealing from the rich

[–] one_old_coder@piefed.social 1 points 3 hours ago

He only seizes the means of production...

[–] NM_Gringo@lemmy.world 9 points 12 hours ago

The move has intensified unease among Russia’s wealthy...

We need to intensify the unease among our own wealthy but for vastly different reasons.

[–] Kittywifclaws@piefed.world 12 points 13 hours ago

Hope Elon is paying attention…

[–] Sharkticon@lemmy.zip 7 points 12 hours ago

That's what we should do to all of them.

Looks like this guy was trying to do something in Cyprus but forced home, arrested in 2025, and now having his assets seized.

Must not have been on board with the war in the beginning https://www.reuters.com/markets/europe/russias-rusagro-loses-third-its-value-after-moshkovich-detained-2025-03-27/

[–] Major_Tsiom@fedia.io 7 points 14 hours ago (1 children)

heh, so Russia is going communist again..,

[–] Eldritch@piefed.world 17 points 13 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.

[–] gandalf_der_12te@feddit.org 6 points 14 hours ago (1 children)

yeah that will probably do a lot to make the russian oligarchs against the war

[–] drmoose@lemmy.world 16 points 14 hours ago (1 children)

And do what? They are not some united people. They're literally just grifters that will take as much scrap as possible and if Piotr is dead and his money is taken - good maybe there's an opportunity for me to grift more now and I didn't like Piotr anyway.

[–] Cyclist@lemmy.world 3 points 13 hours ago

They're United in their efforts to remove windows from upper floors.

[–] HubertManne@piefed.social 1 points 11 hours ago

wait till the us starts doing this on the lesser rich people. talk about leapords ate my face.

[–] RabbitBBQ@lemmy.world -2 points 9 hours ago (1 children)

You know Mamdani's gotta be at least a little jealous

[–] electric_nan@lemmy.ml 3 points 8 hours ago

I mean shit, aren't you?

[–] violentfart@lemmy.world -2 points 14 hours ago

TINY PP ENERGY