The Russian authorities are massively seizing business: Bloomberg named the amount of confiscated property

According to hvylya.net: The Russian government has recently sharply increased the volume of private property confiscation, significantly intensifying the country's economic problems. According to the law firm Nektorov, Saveliev & Partners, since 2022, the value of confiscated assets has reached 3.9 trillion rubles ($49.5 billion). This is three times more than the previous 12 months.

New revenues for the budget and business restructuring

Harvard University economist Andrei Yakovlev points out that the Kremlin is seeking new sources of income for the budget while simultaneously restructuring the business elite. The federal budget already received 132 billion rubles from property sales last year, significantly exceeding the planned amount of 1 billion. Finance Minister Anton Siluanov aims to maintain this pace in the future.

'Courts decisively tilt the balance in favor of the plaintiff, rejecting petitions and dismissing evidence.'

Worries of business leaders and warnings from experts

Despite the authorities' measures, business leaders express concerns in meetings with Putin. Lawyers note that legal protection is almost non-functional, increasing risks for owners. Experts warn that replacing experienced owners with loyal supporters of the regime may undermine the efficiency of the Russian economy.

Conclusion: There is a rapid increase in the confiscation of private property in Russia, which could seriously affect the country's economy. The authorities are seeking new sources of income, but this is also accompanied by instability and concerns among business groups.