Rotenberg Brothers Behind Russia’s Wartime Asset Seizures – FT

Arkady and Boris Rotenberg, friends of Russian President Vladimir Putin, have become one of the main beneficiaries of the nationalization that is taking place in the country after the outbreak of the Russian-Ukrainian war. This is stated in the Financial Times publication.

Rotenberg Brothers Behind Russia’s Wartime Asset Seizures – FT

President Vladimir Putin’s billionaire childhood friends Boris and Arkady Rotenberg are among the main architects and beneficiaries of Russia’s wartime asset seizures, the Financial Times reported Wednesday, citing an anonymous source close to the Russian government.

Preparing for a fourth year of war: military spending in Russia’s budget for 2025

Despite diminished budget transparency, Russia’s total planned military expenditure in 2025 can be estimated at 15.5 trillion roubles, a real-terms increase of 3.4 per cent over 2024 and equivalent to 7.2 per cent of gross domestic product. This level of spending should be manageable, but budgetary pressures could mount.   Click to read full publication.   A growing share of total military spending lies outside the budget chapter ‘National defen…

Brothers Arkady and Boris Rotenberg are behind a series of cases involving the nationalization of large companies in Russia after the outbreak of a full-scale war against Ukraine, writes the British newspaper Financial Times, citing a source who is constantly in contact with the Russian government. Nationalization during the war — more than 400 companies have already been seized, as Novaya Gazeta previously wrote. Europe”, in three years, prosec…

They were among the main beneficiaries of this process

Businessmen Arkady and Boris Rotenberg developed “the whole” concept of “soft nationalization” in Russia, which happened after the outbreak of the war in Ukraine and the departure of Western companies. This is reported by the Financial Times. An interviewee from the Russian government said that the brothers have “legal, economic and data collectors who are specifically trying to find cases [for nationalization] and then provide the Prosecutor Ge…