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Kremlin Intensifies Campaign to Seize Russian Businesses Amid War

The Russian government is accelerating efforts to nationalize private enterprises, signaling a shift in economic strategy during wartime.

By Nataliya VasilyevaSource: nytimes.com1 min read
Kremlin Intensifies Campaign to Seize Russian Businesses Amid War
Image via nytimes.com

In brief

In recent weeks, Russian courts have mandated the nationalization of key assets, including the country’s largest warehouse owner and significant agricultural companies, marking an escalation in state control. Notably, a lawsuit has been filed to seize Domodedovo Airport, the second-largest airport in Moscow, reflecting a broader trend of asset confiscation in the wake of the ongoing war in Ukraine.

This shift represents a departure from the post-Communism era when assets were privatized and sold off, highlighting the Kremlin's commitment to consolidating power and aligning the economy with wartime needs. Critics warn that this trend undermines the rule of law and fosters a chaotic environment, as the government prioritizes control over economic assets. Ultimately, these actions aim to bolster the state’s grip on domestic policy and support the war effort.

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