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Moscow Court Freezes Assets of 13 Ex-Rosnano Executives, Including Chubais, in Crocus Case

The freeze is a precaution in a civil claim, not a finding of liability.

Overview

  • Russia’s Moscow Arbitration Court ordered a pretrial freeze on funds and property tied to 13 former Rosnano managers in a suit seeking 11.9 billion rubles over the Crocus MRAM project.
  • The order lists individual caps, including about 11.9 billion rubles for Anatoly Chubais, 11.9 billion for Yuri Udaltsev, 11.1 billion for Oleg Kiselev, 8.1 billion for Yakov Urinson, 5.9 billion for Boris Podolsky, and 3.6 billion for Vladimir Avetisyan.
  • Rosnano alleges the 2011 Crocus venture failed to meet its goals and that former leadership ignored evident economic risks and failed to install safeguards.
  • RBC, as cited by Current Time, reports Rosnano estimates losses at 41 million euros, 35 million dollars, and 5.5 billion rubles in addition to the ruble claim framing.
  • In April 2025 the court approved similar securing measures in a separate Plastic Logic case, and on December 25 politician Sergei Mironov publicly urged directing the newly frozen funds to support the war effort, a proposal not reflected in the court’s ruling.