Russian courts in 2025 made decisions on the nationalization of 33 private assets totaling $14.9 billion. This follows from an assessment by the AK&M agency, which cites RBC. In particular, 24 assets worth $11.03 billion were nationalized in cases involving damage to the state. Among them, the largest are the companies of the “king of crab” Oleg Kana, with a total value of $4.3 billion, and a stake in “Yuzhuralzoloto” owned by billionaire Konstantin Strukov, estimated at $2 billion.
Also, analysts noted nine cases of asset nationalization in 2025 without an assessment of state compensation. Private property worth $3.8 billion was seized in these cases. For example, the state took control of the IT company “Lesta” (the developer of “World of Tanks”, worth $1.7 billion), the warehouse assets of Raven Russi Group ($919.2 million) and the grain company “Rodnye Poly” ($867.3 million). The trend of nationalization “has gained significant momentum”, as a result of which about 36% of the total volume of the Russian mergers and acquisitions (M&A) market was seized as state revenue last year, noted in AK&M (The Moscow Times).
