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Russian Court Seizes Billionaire's Stake in Agribusiness
Description
Russian Billionaires Stake Seized: A Russian court orders Vadim Moshkovich to hand over a 68% stake in his agriculture giant Rusagro to the state, following embezzlement charges. This marks one of the biggest asset grabs since the Ukraine war, with the state seizing over $50 billion in private assets. Rusagro maintains its running legally, but the government plans auctions for these takeovers, keeping pressure on big players in the tense economy.
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