this post was submitted on 16 Jun 2026
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Record asset seizure: Authorities confiscated $7.6 billion in holdings tied to Vadim Moshkovich, the largest nationalization in recent years.

Part of wider campaign: The Kremlin has transferred an estimated $89.7 billion in private assets to state control since the Ukraine war began.

Elite on alert: Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget.

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[–] Buffalox@lemmy.world 112 points 1 week ago* (last edited 1 week ago) (4 children)

Putin is draining the Russian federation of money and workers, destroying the Russian empire from within, so he can pursue his personal interests of expanding the Russian Empire.

Once some people actually considered this man smart, but in reality he is a one trick pony, and the trick is disinformation, problem is that disinformation is not a strategy, it is at best a tactic, and tactics only have so many uses before they don't work anymore.

[–] Tollana1234567@lemmy.today 2 points 6 days ago (1 children)

his propaganda machine is still fully funded, as is funding right wing governments all over the world.

[–] phutatorius@lemmy.zip 1 points 4 days ago

Funny if some Ukrainian drones take out a few troll farms.

[–] inb4_FoundTheVegan@lemmy.world 21 points 1 week ago* (last edited 1 week ago) (1 children)

Once some people actually considered this man smart, but in reality he is a one trick pony

You fool! Comrade Pony has many tricks!

begins riffling through desk looking for a gun.

[–] Mycatiskai@lemmy.ca 4 points 1 week ago

looking for a window.

[–] jestho@lemmy.zip 10 points 1 week ago (3 children)

Agree and upvoted, but I just wanted to pedantically brag about the mnemonic I learned today:

Disinformation = Dishonest, Deceptive

Misinformation = didn't have a good one for this...

[–] OhNoMoreLemmy@lemmy.ml 14 points 1 week ago (1 children)

Misinformation = might be mistake

[–] yakko@feddit.uk 3 points 1 week ago

What would antidisinformationtarianism be? Incorrect pedantry?

[–] Buffalox@lemmy.world 6 points 1 week ago* (last edited 1 week ago)

Ah yes of course, it was a slip-up, because in my language we use the word misinformation in the meaning of disinformation.
I have corrected the post.

[–] towerful@programming.dev 2 points 1 week ago

Misinformation = mistakes?

So disinformation leads to misinformation?

[–] Lemming6969@lemmy.world 8 points 1 week ago (1 children)

Unless the money is being paid to other nations, they are just doing what we should all do, nationalize billionaires and pay for things. It liquifies the economy.

[–] Buffalox@lemmy.world 2 points 1 week ago

Absolutely tax the billionaires, problem is that Putin is drawing money out of Russian companies, and many smaller companies are going bankrupt.
And the Russian companies don't have money to maintain production and much less to expand it.
The money is not pulled out for anything constructive, they are pulled out to finance his stupid war that is destroying Russia.

[–] newthrowaway20@lemmy.world 45 points 1 week ago (1 children)

Lol so Russia is running dry if they're stealing from the rich

[–] one_old_coder@piefed.social 1 points 1 week ago

He only seizes the means of production...

[–] finallymadeanaccount@lemmy.world 28 points 1 week ago (4 children)

Billionaires are showing loyalty to avoid similar fates, with some making large voluntary contributions to the state budget

Won't be long until Trump hears about this new grift from his old mate, Vlad!

[–] Tollana1234567@lemmy.today 3 points 6 days ago

where do you think the 14point plan came from, its eerily similar to the multipoint plans that putin has given to ukraine and other countries, verbatim.

[–] TankovayaDiviziya@lemmy.world 2 points 6 days ago

It's not a new grift, dictators do this all the time in order for the wealthy to tow in line.

[–] rwrwefwef@sh.itjust.works 17 points 1 week ago (1 children)

with some making large voluntary contributions to the state budget

In the US, we call these campaign contributions.

[–] pingveno@lemmy.world 3 points 1 week ago

Trump has gotten more brazen. Buy his cryptoscam, pay to build his ballroom, give his wife a sweetheart movie deal, the list goes on and on. And yeah, then there's the IRS tax audit immunity that would allow him and associated people to steal an estimated $100 million in forgone taxes. Truly a man who looked at the Russian kleptocracy and said "I want some of that."

[–] Corkyskog@sh.itjust.works 2 points 1 week ago (1 children)

We were already on trajectory for this if AI worked out the way they wanted it to. Where does the US military budget come from if 90% of the tax base are laid off?

[–] BarneyPiccolo@lemmy.today 3 points 1 week ago (1 children)

The other 10%, as long as they make under $100,000.

[–] Corkyskog@sh.itjust.works 4 points 1 week ago

The other 10% will be blue collar workers. You can tax that base 100% and you would still be missing 90% of the revenue you need.

[–] theacharnian@lemmy.ca 27 points 1 week ago
[–] NM_Gringo@lemmy.world 22 points 1 week ago

The move has intensified unease among Russia’s wealthy...

We need to intensify the unease among our own wealthy but for vastly different reasons.

[–] Janx@piefed.social 19 points 1 week ago (1 children)

Every single country should have seized all the money from Russian oligarchs and spent the money on enabling Ukraine to defend itself. Now, even Russia beat you to it, FFS...

[–] Saledovil@sh.itjust.works 1 points 1 week ago (1 children)

You can only seize the assets within your country. That means that the assets outside of Putin's reach are still sizable.

[–] Janx@piefed.social 1 points 6 days ago* (last edited 6 days ago) (1 children)

A lot of the oligarchs' assets are held in other countries, this story is a prime reason why. But other countries are cowardly and only freeze the funds, not appropriate them.

[–] Saledovil@sh.itjust.works 1 points 6 days ago

Idea is that if you steal people's money, other people won't trust you with more money. Fair enough, but I don't think this should apply anymore when your country starts an unprovoked war of aggression.

[–] Kittywifclaws@piefed.world 18 points 1 week ago (1 children)

Hope Elon is paying attention…

[–] krisevol@lemmus.org 0 points 1 week ago

That the government might come after his stocks? They already do.

[–] ShinkanTrain@lemmy.ml 17 points 1 week ago
[–] Sharkticon@lemmy.zip 11 points 1 week ago

That's what we should do to all of them.

Looks like this guy was trying to do something in Cyprus but forced home, arrested in 2025, and now having his assets seized.

Must not have been on board with the war in the beginning https://www.reuters.com/markets/europe/russias-rusagro-loses-third-its-value-after-moshkovich-detained-2025-03-27/

[–] gandalf_der_12te@feddit.org 9 points 1 week ago (1 children)

yeah that will probably do a lot to make the russian oligarchs against the war

[–] drmoose@lemmy.world 21 points 1 week ago (1 children)

And do what? They are not some united people. They're literally just grifters that will take as much scrap as possible and if Piotr is dead and his money is taken - good maybe there's an opportunity for me to grift more now and I didn't like Piotr anyway.

[–] Cyclist@lemmy.world 4 points 1 week ago

They're United in their efforts to remove windows from upper floors.

[–] Major_Tsiom@fedia.io 6 points 1 week ago (1 children)

heh, so Russia is going communist again..,

[–] Eldritch@piefed.world 21 points 1 week ago (1 children)

Again? You have to be communist once before you can be again. Putin and the oligarchs are a continuation of the Stalinist/Leninist power structures. Which claimed they were aspirationally communist. The same way Jeffry Dahlmer was aspirationally a humanist.

Nah, the power structure is just cannibalizing itself to try to preserve itself again. The Russian people will continue to be screwed.

Jeffry Dahlmer was just a lonely guy looking for human connection.

[–] Treczoks@lemmy.world 3 points 1 week ago (1 children)

So he has to resort to theft for financing his Ukrainian folly?

[–] ayyy@sh.itjust.works 13 points 1 week ago

Taxing billionaires is never theft. Nobody in human history has ever created a billion dollars of value, therefore the wealth was stolen from the people to begin with.

[–] kreskin@lemmy.world 1 points 1 week ago

Its hard to be very sad that Putin is eating Russian oligarchs. If he could just do that to some Israeli and American oligarchs I might start being a fan. How about Musk? Putin could cash him out for a trillion. Musk and Putin are buddies and talk regularly evidently

https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187

[–] HubertManne@piefed.social 0 points 1 week ago

wait till the us starts doing this on the lesser rich people. talk about leapords ate my face.

[–] violentfart@lemmy.world -3 points 1 week ago

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