Overview

• FSB agents stopped Konstantin Strukov’s private jet, seized his passport and barred his departure on allegations of offshore schemes, illegal insolvencies and insider trading
• The Russian Prosecutor’s Office is demanding full state takeover of Strukov’s shares in gold producer Uzhuralzoloto under newly applied legal measures
• Since the 2022 invasion, presidential decrees and court rulings have transferred about $50 billion and 2 trillion rubles of private and foreign assets into state ownership
• Finance Minister Anton Siluanov has said the government plans to raise at least 100 billion rubles this year through sales of confiscated assets to bolster military spending
• Analysts say the intensified expropriations respond to falling energy revenues and serve as a warning to Russia’s business elite that no one is immune from state control