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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[–] arc99@lemmy.world 43 points 6 days ago (2 children)

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

[–] Tja@programming.dev 6 points 6 days ago (1 children)

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

[–] Blackmist@feddit.uk 2 points 6 days ago

Our window.

[–] KMAMURI@lemmy.world 2 points 6 days ago

Tea is cheap.

[–] iAvicenna@lemmy.world 23 points 6 days ago (1 children)

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

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

[–] IndustryStandard@lemmy.world 14 points 6 days ago

The billionaires?

[–] gandalf_der_12te@discuss.tchncs.de 14 points 6 days ago (1 children)

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?

[–] ZombiFrancis@sh.itjust.works 3 points 6 days ago

Putin's power draws from his adversaries and foreign policy. He is very weak domestically, mostly at the behest of the oligarchs that run the entire domestic policy show.

Putin muscling around internally usually has to do with the oligarch's stance on foreign policy or the other oligarchs are wanting to eat one of their own.

[–] skozzii@lemmy.ca 8 points 6 days ago (1 children)

The Putin giveth and the Putin taketh away.

[–] aphonefriend@lemmy.dbzer0.com 2 points 6 days ago

Minus the giveth part.

[–] JeeBaiChow@lemmy.world 1 points 5 days ago

So when do the oligarchs learn? How much longer do they accept the status quo?

[–] aceshigh@lemmy.world 1 points 6 days ago

Let’s make a bingo card out of it. What are our options?

[–] bytesonbike@discuss.online 215 points 1 week ago (17 children)

Billionaires siding with dictators thinking they'll be protected?

I genuinely cannot wait until Thiel gets his comeuppance, one way or the other.

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[–] HubertManne@piefed.social 146 points 1 week ago (23 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.

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