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] 4 points 6 days ago (1 children)

Somebody give Trump the idea to do this to Musk.

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[–] [email protected] 33 points 6 days ago

This is the oligarchy that American technocrats want to recreate at home. Owning things is dependent on being alive. Maybe paying a couple percent extra on taxes is worth it.

[–] [email protected] 149 points 6 days ago (20 children)

This is a pretty good example of why I say even millinoaires and billionaires should support a functional democractic society with taxation and regulation and social safety nets. Its the old penny wise and pound foolish. Getting a sliver more and a sliver more and then you lose it all because the rule of law was thrown out long ago. It won't necessarily take that long to. At a certain point it could happen at any time. Maybe it will. Maybe it won't.

[–] [email protected] 67 points 6 days ago (1 children)

This all depends on the people born into wealth being reasonable people.

Most are unhinged psychopaths or nepo babies with too much ego.

Which is why wealth needs to be forcefully redistributed, they won't do it voluntarily.

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[–] [email protected] 32 points 6 days ago (2 children)

a functional democratic society would not have billionaires and hopefully millionaires neither

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[–] [email protected] 62 points 6 days ago (1 children)

It's funny because $3.5bln is nothing when trying to cover the war effort, but it'll spark a massive distrust in the Kremlin's inner circle, which is basically the only group of people that can realistically threaten Putin's very life.

[–] [email protected] 34 points 6 days ago* (last edited 6 days ago) (1 children)

I'm still waiting for these fuckers to finally grow some balls.

[–] [email protected] 20 points 6 days ago (1 children)

Nah. Russia will implode itself on its own even without resistance. As if Russia never learned anything that autocratic control over economy never works, because their political culture is too corrupt to function effectively.

Francis Fukuyama, as wrong as he was about the end of history, is still correct that dictatorships eventually collapse because they surround themselves with yes men who are too detached from reality. The invasion of Ukraine is the beginning of the end for Putin. It is only a matter of time.

[–] [email protected] 15 points 6 days ago (2 children)

the beginning of the end for Putin. It is only a matter of time.

With his age, he has all biological means to fuck around and never find out. I believe the legacy talk captures him, but the fact he himself would never meet any pushback makes many of his decisions way easier than if he was 40yo and had another 40+ to his rule. Any other minute of him fucking up foreign countries with a weaponised influence, not to say direct warfare, is a minute too much.

He could've tried to revive the country, and he got an easy start in the 00s, but he chosed to gamble it instead.

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[–] [email protected] 12 points 6 days ago (4 children)

that cunt Zuckerberg should pay attention.

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[–] [email protected] 34 points 6 days ago (5 children)

Conversely, if Putin falls out a window, maybe they can keep their business.

[–] [email protected] 12 points 6 days ago (1 children)

They're scared they'll go down with him. But they'll finally have to accept the fact that they're fucked either way. At this point, getting rid of him is their best chance.

[–] [email protected] 9 points 6 days ago

They're scared they'll go down with him. But they'll finally have to accept the fact that they're fucked either way. At this point, getting rid of him is their best chance.

Yup. They're at the point where the consequences of obedience are as bad as defiance.

Best have him fall out a window and see if prospects change.

[–] [email protected] 10 points 6 days ago (2 children)

Please. There are hundreds ready to take Putins place. Some politically, but hundreds behind the scenes who also have finger puppets ready for ”power” who can step in for both Medvedev and Putin. The rest of the dog kennel (like Lavrov) will keep barking for their masters sake.

[–] [email protected] 4 points 6 days ago (1 children)

Please. There are hundreds ready to take Putins place. Some politically, but hundreds behind the scenes who also have finger puppets ready for ”power” who can step in for both Medvedev and Putin. The rest of the dog kennel (like Lavrov) will keep barking for their masters sake.

It sure sounds like you're advocating staying meek and submissive in the face of Tyranny.

[–] [email protected] 6 points 6 days ago (1 children)

I guess you didn’t really read. Just pointing out that you need to do more than kill the puppetmaster to replace all those who he either trained or who learned how to thrive in his absence.

[–] [email protected] 3 points 6 days ago (1 children)

I guess you didn’t really read. Just pointing out that you need to do more than kill the puppetmaster to replace all those who he either trained or who learned how to thrive in his absence.

I guess you didn't really understand my comment.

You'd have to be a complete knuckehead to think that the point of killing a Tyrant is to have one of their trainees take over.

[–] [email protected] -5 points 6 days ago* (last edited 6 days ago) (1 children)

Maybe I should clarify: Oh you spring child who knows nothing of the year, how it turns and how winter turns planted hopes into frozen fears.

Pre-edit: You’re right. Which is why Putin’s death won’t bring much boon. Staying silent, quiet or passive won’t bring much in opposition to the face of tyranny either. But eliminating the current tyranny will be more difficult than what the people tried to accomplish over a hundred years ago, as the dissemination of power is different nowadays. Before, one used to think that cutting the head of a hydra might be difficult, but possible in the long run. Today, well…

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[–] [email protected] 77 points 6 days ago* (last edited 6 days ago) (3 children)

The USA elite should take notice. It'll happen to them too. Trump will ruin them if things get between himself and them.

[–] [email protected] 29 points 6 days ago (4 children)

It’s all ready happening between him and Musk unless that’s all kayfabe

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[–] [email protected] 14 points 6 days ago (1 children)

Trump Admin using national security as a pre-tense to take control over X/Twitter away from Musk, and effectively killing it in favour of Truth Social

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[–] [email protected] 215 points 6 days ago (6 children)

Billionaires siding with dictators thinking they'll be protected?

[–] [email protected] 26 points 6 days ago

Nah. They all play this game; they all know the risk. It’s all about gaining leverage and the correct alignment at the right time.

He probably knows it’s happening and sacrifices himself for his family and assets.

[–] [email protected] 20 points 6 days ago (2 children)

Usually they are. Dictators typically gain and keep power by appeasing the wealthy and powerful.

[–] [email protected] 14 points 6 days ago (1 children)

Not keep power, just to get it. Then they dump them once they've got it. See Giuliani, Musk, My Pillow guy, Herman Cain, etc.

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[–] [email protected] 127 points 6 days ago (6 children)

It's funny to me that they think they'll be special, every single time. "They won't throw me out the window for my fortune!"

[–] [email protected] 53 points 6 days ago (2 children)

Leopards Throwing Out Of Windows Party

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