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Russia seizes $50 billion in assets as economy shifts during war in Ukraine, research shows

RUSSIA, JUL 9 – Russia has confiscated about $50 billion in assets over three years under laws targeting corruption and strategic companies as it shifts to a ‘fortress Russia’ economic model.

  • Russia confiscated approximately $50 billion in assets over the past three years amid its ongoing conflict with Ukraine.
  • This large-scale asset seizure follows the February 2022 troop deployment to Ukraine and intensifies a state-led economic shift under Western sanctions.
  • The Kremlin’s economic strategy involves nationalizing foreign holdings, especially from Western firms like Germany’s Uniper and Denmark’s Carlsberg, reflecting a move toward a 'fortress Russia' model.
  • Research by Moscow law firm NSP calculated asset seizures amounting to 3.9 trillion roubles and noted a paradigm shift away from post-Soviet free-market ideals.
  • These developments suggest a sustained trend toward state-centric control of critical resources amid strategic security concerns, reconfiguring Russia’s domestic economy.
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The Mighty 790 KFGO broke the news in on Wednesday, July 9, 2025.
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