Europe@feddit.orgEnglish · 2 days ago

Russia Confiscates $7.6Bln in Assets in Largest Nationalization Yet - The Moscow Times

www.themoscowtimes.com

Russia Confiscates $7.6Bln in Assets in Largest Nationalization Yet - The Moscow Times

www.themoscowtimes.com

EatingOnions@lemmy.world to

Europe@feddit.orgEnglish · 2 days ago

Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday, in what appears to be the largest asset seizure of Russia's recent wave of nationalizations.

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17 hours ago

That is sort of what China does and it seems to work.

Do you think that’s possible in the US?

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