'Fortress Russia' has confiscated $50 billion in assets over three years, Kommersant says
Investing.comWednesday, July 9, 2025 at 6:47:29 AM
Russia has seized a staggering $50 billion worth of assets—from cash to property—over the past three years, according to a report by Kommersant. The term "Fortress Russia" reflects the government's aggressive push to control capital and resources, often targeting businesses and individuals under broad legal pretexts. This isn't just about foreign companies; domestic entities are getting caught in the net too.
Editor’s Note: This isn't just a dry financial headline—it's a snapshot of how Russia is tightening its grip amid economic isolation. Asset seizures have become a key tool for the Kremlin, whether as retaliation against Western sanctions or to consolidate power domestically. For businesses operating there, it’s a stark warning: in today’s Russia, even legal ownership isn’t a guarantee of security. And for ordinary Russians, it’s another sign of an economy where the rules can change overnight.
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