In Russia, the State Seizes Assets of 'Disloyal' Entrepreneurs to Finance the War
Since the invasion of Ukraine in 2022, Moscow has been conducting a sweeping redistribution of property in favor of Kremlin loyalists.
According to Le Monde, Russia has been conducting a systematic campaign since 2022 to seize assets belonging to entrepreneurs deemed disloyal to the regime. These properties are then resold to those close to Kremlin power as part of financing the war effort in Ukraine.
This phenomenon, described as part of the 'Putin system,' is part of a vast redistribution of property underway in Russia since the large-scale invasion launched in February 2022.
Sources
- En Russie, un Etat prédateur au service de la guerre — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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