Overview

• Russia has seized assets worth 3.9 trillion roubles, or roughly $50 billion, over three years under Kremlin-authorized decrees
• Seizures have applied multiple legal grounds, including strategic company status, corruption allegations, privatization breaches and claims of management inefficiency
• The wave of expropriations signals a move from a relatively open market to a state-controlled wartime economic model
• More than 1,000 companies, from Uniper and Carlsberg to McDonald’s and Mercedes-Benz, have exited Russia or faced forced asset transfers
• Moscow continues to seek further seizures and asset sales to fund defense output and bolster state revenue under slowing growth