The great Russian asset redistribution

Hello! As the war hits the four-year mark, we look at how Russian officials have used the conflict to snatch up billions of dollars worth of assets for the state and friends of the Kremlin.

State’s snapping up of assets leaves no business safe

The war in Ukraine has triggered Russia’s biggest redistribution of property in decades. Unsurprisingly, state-linked corporations and Putin's inner circle are the main beneficiaries. The process has hit the interests of dozens of Russian billionaires, and nearly 20 of the country’s largest companies by revenue, according to research by independent think tank Cedar (Center for Data and Research on Russia), reviewed by The Bell.