Vadim Moshkovich's Ros Agro stake ordered nationalized by Moscow court
Updated
Updated · Bloomberg · May 5
Vadim Moshkovich's Ros Agro stake ordered nationalized by Moscow court
7 articles · Updated · Bloomberg · May 5
The ruling followed an anti-corruption lawsuit by Russia's Prosecutor General's Office, which accused the billionaire of using his former senator role to enrich himself illegally.
RBC reported that Moshkovich's spouse and other family members were also named as defendants in the case tied to the seizure.
The order targets his holding in Ros Agro Plc, a major agricultural business, marking another state move against assets linked to prominent Russian businessmen.
Is seizing Russia's top agribusiness a genuine anti-corruption move or a Kremlin power play to control the nation's food supply?
Will state control of a top food producer secure Russia's food supply or trigger a collapse in overall business investment?