{"id":1258363,"date":"2025-07-09T16:48:36","date_gmt":"2025-07-09T13:48:36","guid":{"rendered":"https:\/\/prm.ua\/the-kremlin-is-fueling-the-war-with-other-peoples-property-a-wave-of-forced-asset-seizures-is-growing-in-russia\/"},"modified":"2025-07-09T16:48:36","modified_gmt":"2025-07-09T13:48:36","slug":"the-kremlin-is-fueling-the-war-with-other-peoples-property-a-wave-of-forced-asset-seizures-is-growing-in-russia","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-kremlin-is-fueling-the-war-with-other-peoples-property-a-wave-of-forced-asset-seizures-is-growing-in-russia\/","title":{"rendered":"The Kremlin is fueling the war with other people’s property: a wave of forced asset seizures is growing in Russia"},"content":{"rendered":"

In Russia, mass confiscations of assets are being recorded due to the worsening prospects of an economic slowdown.<\/strong><\/p>\n

This was reported<\/a> in Bloomberg.<\/p>\n

The total value of confiscated property in the Russian Federation has reached $49.5 billion since 2022. Over the past 12 months, the total value of confiscated assets has tripled.<\/p>\n

1.5 trillion rubles of the confiscated assets belonged to strategically important enterprises, the rest belongs to a wide range of industries and is often sold to new owners, with the proceeds from the sale going to the Russian budget.<\/p>\n

“The trend toward increased asset confiscation may help strengthen public finances as well as strengthen state control. However, it weakens the resilience of the economy and devastates the private sector, which helped Russia withstand sanctions and the shocks following its full-scale invasion of Ukraine,” the publication notes.<\/p>\n

The Russian authorities cite a number of justifications for confiscation, including:<\/p>\n