Hol
Well-known
MOSCOW | Russian prosecutors have moved to seize the assets of billionaire Konstantin Strukov, marking a stark turn in the Kremlin’s crackdown on oligarchs deemed insufficiently obedient. Strukov, long considered loyal to President Vladimir Putin, now faces criminal charges, asset forfeiture, and political exile.
Konstantin Strukov, once seen as a model Kremlin-aligned tycoon, is being stripped of control over Uzhuralzoloto, Russia’s third-largest gold producer. Prosecutors are pressing corruption charges and have asked the judiciary to transfer all of Strukov’s assets—domestic and offshore—into state hands. He was reportedly detained on July 5 while attempting to fly to Turkey, with his passport now invalid.
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Since early 2025, Moscow has accelerated seizures of strategic assets, recouping an estimated $30 billion. The state previously targeted foreign corporate remnants; now, domestic empires are also vulnerable.
Konstantin Strukov, once seen as a model Kremlin-aligned tycoon, is being stripped of control over Uzhuralzoloto, Russia’s third-largest gold producer. Prosecutors are pressing corruption charges and have asked the judiciary to transfer all of Strukov’s assets—domestic and offshore—into state hands. He was reportedly detained on July 5 while attempting to fly to Turkey, with his passport now invalid.
…
Since early 2025, Moscow has accelerated seizures of strategic assets, recouping an estimated $30 billion. The state previously targeted foreign corporate remnants; now, domestic empires are also vulnerable.
