this post was submitted on 07 Jul 2025
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Vladimir Putin’s government has launched an aggressive campaign to nationalize the assets of Konstantin Strukov, one of Russia’s richest men and the owner of the country’s largest gold mining company. The move marks a sharp escalation in the Kremlin’s efforts to extract wealth from within its own elite as the financial toll of the war in Ukraine deepens.

Strukov, whose fortune is estimated at over $3.5 billion, is the founder of Yuzhuralzoloto—a gold empire built over decades with strong ties to the Kremlin. But on July 5, his private jet was grounded by Russian authorities as it prepared to leave for Turkey. His passport was reportedly seized, and the aircraft barred from departing.

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[–] [email protected] 32 points 3 days ago

What a great way to show the inefficiency of sanctions! /s

[–] [email protected] 34 points 3 days ago (4 children)

And let this be a lesson to US Billionaires.

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[–] [email protected] 41 points 3 days ago* (last edited 3 days ago) (2 children)

Somebody didn't watch Rules for Rulers, keep your elite happy or they'll come together and turn on you.

Fingers crossed.

[–] [email protected] 24 points 3 days ago (3 children)

You remember those old “In Soviet Russia” backwards jokes? It’s like that, but unironically.

Putin has consolidated power to the point that he doesn’t serve at the behest of Russian billionaires; they only exist due to his whims - and they can cease to exist just as quickly.

‘Blowout’ by Rachel Maddow touches on this, it’s an interesting read/listen.

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[–] [email protected] 7 points 3 days ago (1 children)

Not if you have a loyal, competent police apparatus to round up anyone who dares to step out of line.

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[–] [email protected] 24 points 3 days ago (1 children)

Strukov is about to suffer the effects of defenestration.

[–] [email protected] 23 points 3 days ago

It’s giving Elon-Trump vibes

[–] [email protected] 19 points 3 days ago

Ooooh, gringo broligarchs, cast your eyes upon all the fucks left to give, and see that $Trump wallet may also be empty.

[–] [email protected] 44 points 3 days ago (2 children)

Strukov’s company has denied the incident entirely, stating that he was in Moscow on the day in question and calling the reports “disinformation.” But court documents confirm that a judge had already banned him and his family from leaving the country, and government agencies moved quickly to enforce it.

I will now recommend the Sad Oligarch podcast. Short series on the mysterious deaths of Russian oligarchs in the last few years.

[–] [email protected] 2 points 3 days ago (1 children)
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[–] [email protected] 9 points 3 days ago (1 children)

A friend of a friend is the daughter of a Russian oligarch. It was a messy situation in which she was at risk of being drawn into the politics, even though her dad was an asshole who she would've been glad to see defenestrated. I only know the surface level info, but it sounds like a fucked up situation in many ways

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[–] [email protected] 10 points 3 days ago

If you nationalize your industry, you should be doing it to reform and re-gear it to support your country.

Clearly, Putin here is not interested in making it good for the country, but that his petty war has him cash-strapped and needs to forcibly 'borrow' his billionaire friends' assets.

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