Vladimir Putin’s government has launched an aggressive campaign to nationalize the assets of Konstantin Strukov, one of Russia’s richest men and the owner of the country’s largest gold mining company. The move marks a sharp escalation in the Kremlin’s efforts to extract wealth from within its own elite as the financial toll of the war in Ukraine deepens.

Vladimir Putin’s government has launched an aggressive campaign to nationalize the assets of Konstantin Strukov, one of Russia’s richest men and the owner of the country’s largest gold mining company. The move marks a sharp escalation in the Kremlin’s efforts to extract wealth from within its own elite as the financial toll of the war in Ukraine deepens.

Strukov, whose fortune is estimated at over $3.5 billion, is the founder of Yuzhuralzoloto—a gold empire built over decades with strong ties to the Kremlin. But on July 5, his private jet was grounded by Russian authorities as it prepared to leave for Turkey. His passport was reportedly seized, and the aircraft barred from departing.

  • Diplomjodler@lemmy.worldEnglish
    10·
    19 hours ago

    They’re scared they’ll go down with him. But they’ll finally have to accept the fact that they’re fucked either way. At this point, getting rid of him is their best chance.

    • MushuChupacabra@lemmy.worldEnglish
      7·
      18 hours ago

      They’re scared they’ll go down with him. But they’ll finally have to accept the fact that they’re fucked either way. At this point, getting rid of him is their best chance.

      Yup. They’re at the point where the consequences of obedience are as bad as defiance.

      Best have him fall out a window and see if prospects change.