Rusagro case a worrying omen for Russia’s richest
Hello! This week we look at how Russia went about its most significant nationalization so far amid the war in Ukraine — and why the process could set off yet more alarm bells for some of the country’s richest men.
Top agricultural firm seized in latest nationalization shock
The Russian business world has been left reeling by the latest shock nationalization: the prosecutor general’s seizure last week of the country’s biggest agricultural holding, Rusagro. The official reason given was that Rusagro’s owner, billionaire Vadim Moshkovich, combined business with state service in the 2000s. In recent years this has been one of the main justifications for seizing businesses — one that presents a serious headache for the elite.
This article is available
exclusively to our subscribers
Start for $1 in your first month
Subscribe for $1-
Unlimited access to an archive of over 300 articles, with 20 more articles added each month
-
Two in-depth weekly newsletters looking at recent events
-
Join The Bell’s editors and authors for webinars on the Russian economy and Russian politics
Already have an account? Log in
