Updated

Updated · Bloomberg · Jun 19

Russia Sells 67.2% Yuzhuralzoloto Stake for $1.3 Billion After Multiple Failed Attempts

Updated

Updated · Bloomberg · Jun 19

Russia Sells 67.2% Yuzhuralzoloto Stake for $1.3 Billion After Multiple Failed Attempts

1 articles · Updated · Bloomberg · Jun 19

93 billion rubles ($1.3 billion) won BTS-Most Holding a Dutch auction for a 67.2% stake in Yuzhuralzoloto PJSC and affiliated companies, according to auction disclosures cited by Tass.
Russia sold the top gold miner only after several attempts, and the final price was about half what authorities had originally sought for the seized asset.
The deal transfers control of a major miner that Moscow took from a billionaire last year, extending the state's reshaping of ownership in strategic resource assets.

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While Russia sells assets, it seizes Ukrainian property. What is the endgame of this vast property swap?

Is Russia’s half-price asset sale a sign of desperation or a calculated wartime economic strategy?

As Russia seizes assets from its own elite, who truly benefits from this massive wealth redistribution?

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