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The Dizzying Fall of a Russian Gold Magnate Who Fell Out of Favour with the Kremlin

RUSSIA, JUL 9 – The Kremlin is seizing assets and detaining elites on corruption charges to enforce loyalty amid economic strain and ongoing war, with 67 companies seized in 2024, Moscow Times reported.

Summary by France24
Long seen as loyal to Russian President Vladimir Putin, billionaire Konstantin Strukov is on the verge of being stripped of his gold mining empire. The state's seizure of his group illustrates the Kremlin’s…

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With Konstantin Strukov, Moscow is targeting the next top manager. According to experts, the action allows conclusions to be drawn about the actual state of the Russian economy.

The latest person to be arrested for corruption is gold billionaire Konstantin Strukov. The latest target of Russian President Vladimir Putin's anti-corruption crackdown is Russian billionaire Konstantin Strukov, who made his fortune in gold. Strukov was arrested last Saturday at Chelyabinsk airport, where the billionaire's plane was about to take off for Turkey, reports Kyiv Insider.

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  • 67% of the sources lean Left
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The Kyiv Independent broke the news in Kyiv, Ukraine on Wednesday, July 9, 2025.
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