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.

  • Buffalox@lemmy.world
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    10 hours ago

    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
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      7 hours ago

      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.

    • inb4_FoundTheVegan@lemmy.world
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      10 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
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      11 hours ago

      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…