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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[–] iAvicenna@lemmy.world 1 points 2 minutes ago

That's what you get for siding with fascists. People will never learn.

tax the rich! (slight /s)

what i'm wondering is:

who exactly wanted this war? i.e., i guess it was not a single-person decision. probably a number of oligarchs are behind it because they think they can profit from either the conflict or the outcome of it.

everybody knows that wars are hella expensive. i guess most wars are decided by economic factors, i.e. who can stay solvent longer. what did the oligarchs think would happen to their wealth due to the war?

Just like Ancient Rome. The dictator needs cash so he murders the rich people who aren’t his friends and takes their money

[–] skozzii@lemmy.ca 3 points 1 hour ago

The Putin giveth and the Putin taketh away.

[–] arc99@lemmy.world 34 points 8 hours ago (1 children)

Soon these oligarchs won't even own a window to jump out of

[–] Tja@programming.dev 4 points 2 hours ago (1 children)

The government will provide one, they are generous like that.

[–] Blackmist@feddit.uk 2 points 2 hours ago

Our window.

[–] doo@sh.itjust.works 28 points 10 hours ago

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

[–] finitebanjo@lemmy.world 26 points 12 hours ago (1 children)

And let this be a lesson to US Billionaires.

[–] Tryenjer@lemmy.world 8 points 6 hours ago* (last edited 5 hours ago) (1 children)

If most of them are as smart and lucid as Musk, they won't learn anything.

US billionaires think they can control Trump, and that's very likely true. The worst is yet to come for these billionaires when someone who can truly reverse the power dynamics and thus rule them with an iron fist, as well as the common people, takes the throne.

[–] finitebanjo@lemmy.world 8 points 4 hours ago* (last edited 4 hours ago)

Trump cannot be controlled, everything is purely transactional with him. The moment he gains more from taking businesses by force, thats what he will do.

Trust and deals have no meaning to him. This is a theif without honor.

[–] oppy1984@lemdro.id 32 points 13 hours ago* (last edited 10 hours 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.

[–] thatKamGuy@sh.itjust.works 18 points 9 hours ago (1 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.

[–] Nighed@feddit.uk 2 points 3 hours ago (1 children)

They are refering to a YouTube video I think.

[–] avidamoeba@lemmy.ca 6 points 10 hours ago

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

[–] jaupsinluggies@feddit.uk 3 points 9 hours ago (1 children)
[–] WiseScorpio@lemmy.world 21 points 16 hours ago (1 children)

Strukov is about to suffer the effects of defenestration.

[–] breecher@sh.itjust.works 7 points 9 hours ago (1 children)

is the defenestration supposed to be a metaphor for something? i.e., they took too many risks and "leaned out the window too far and fell over" or sth 🤔

[–] McDropout@lemmy.world 20 points 17 hours ago

It’s giving Elon-Trump vibes

[–] HubertManne@piefed.social 138 points 23 hours ago (9 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.

[–] vivalapivo@lemmy.today 7 points 9 hours ago (1 children)

Rich people live under the fear of losing it all. As sharing is synonymous with losing to them, no one wants it and everyone is caught in this loop.

[–] grrgyle@slrpnk.net 7 points 6 hours ago (1 children)

I'm becoming convinced it's an actual mental disease, or at least grossly maladaptive

[–] vivalapivo@lemmy.today 4 points 6 hours ago (1 children)

It's a mental disease in the same sense as drapetomania used to be

[–] grrgyle@slrpnk.net 4 points 5 hours ago (1 children)

https://en.m.wikipedia.org/wiki/Drapetomania

Drapetomania was a proposed mental illness that […] hypothesized as the cause of enslaved Americans fleeing captivity.

I could make some guesses, but I'm not sure what you meant by this. What did you mean?

[–] vivalapivo@lemmy.today 3 points 3 hours ago (1 children)

Some adaptation pretty human mechanism which looks unnatural because it's not us who experience it although given the same circumstances we would do the same

[–] grrgyle@slrpnk.net 1 points 1 hour ago (1 children)

I see right, yeah, it's the conditions social and material that give rise to the "disorder" whereas if we fix the conditions, it just evaporates. Like abolishing slavery or private property.

[–] vivalapivo@lemmy.today 1 points 1 hour ago

Exactly like that 💯

[–] avidamoeba@lemmy.ca 4 points 9 hours ago (3 children)

Smaller scale millionaires perhaps. Once they go multinational, it becomes very difficult to significantly harm them even if one country decides to dispossess their business. This has already happened to large corporations that exist today through nationalization at various places and points in time. E.g. Shell after Venezuelan oil nationalization.

[–] calcopiritus@lemmy.world 3 points 2 hours ago (1 children)

A billionaire cannot exist in 2 countries at the same time. It doesn't matter if his company is multinational, he isn't.

If you jail that billionaire, which is not hard as a state if said billionaire resides in your country, you can "convince" him to give even assets in foreign countries.

That's why they removed his passport.

[–] avidamoeba@lemmy.ca 2 points 2 hours ago (1 children)

Right but how do you make most countries want to arrest them? We currently don't have a setup allowing for this if no international criminal offenses are involved. It only happens if the billionaire resides mostly in an "authoritarian" country where they could get "arbitrarily" arrested. The rest of the world isn't currently setup to do this. I'm not saying it can't be setup or shouldn't be setup like that.

[–] calcopiritus@lemmy.world 1 points 25 minutes ago

The comment you replied to originally was talking about why billionaires should support a democratic society.

If the society is not democratic, it would be authoritarian. Therefore what I explained could happen.

[–] HubertManne@piefed.social 2 points 3 hours ago (1 children)

Not if its the home nation. Shell was a us company in venezuela but if the same thing happened in the US the owners would be lucky to get out of the country with what they could carry and if they worked fast enough maybe they could have a small fraction of what they used to.

[–] avidamoeba@lemmy.ca 1 points 2 hours ago

Yes, of course.

[–] MrMakabar@slrpnk.net 5 points 8 hours ago

That requires rule of law to actually work. Putin is well known to murder problematic oligarchs. Combined with some proper blackmail, that tends to work very well.

[–] driving_crooner@lemmy.eco.br 6 points 12 hours ago (1 children)

Or you end being shoot on the street and the entire world celebrates it.

[–] grrgyle@slrpnk.net 2 points 6 hours ago

That was a fun day

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