- Category
- Latest news
Putin’s System Is Eating Itself From the Inside With $1.1B in Elite Asset Seizures
- Authors
![Photo of Ivan Khomenko]( "Photo of Ivan Khomenko")
Russian authorities have confiscated property worth about 100 billion rubles ($1.1 billion) in a nationwide wave of asset seizures, RBC reported, citing Accounts Chamber auditor Andrey Batyrkin speaking in the Russian State Duma .
We bring you stories from the ground. Your support keeps our team in the field.
Speaking before lawmakers, Batyrkin emphasized the need for a formal roadmap to coordinate between enforcement agencies and the Federal Agency for State Property Management (Rosimushchestvo). This would help streamline the transfer of seized assets—including businesses, homes, land plots, luxury vehicles, and collectible watches—into state ownership.
“There needs to be more feedback on what property is due to be transferred to the Russian Federation,” RBC quoted Batyrkin as saying. He also noted that only about 8% of confiscated assets have been sold through auctions, with the rest still held by the state.
According to RBC, Batyrkin stated that Russia has secured over 4 trillion rubles ($45 billion) in assets through seizures in recent years. While the current figure includes high-profile corruption cases, the bulk stems from corporate assets nationalized through lawsuits filed by the Prosecutor General’s Office.
“When the system begins to consume itself, no one is untouchable,” Gallyamov wrote, as quoted by RBC. Among those affected are individuals previously considered close to the Kremlin. Political analyst Abbas Gallyamov pointed to the case of Konstantin Strukov, a billionaire and longtime financial backer of the ruling United Russia party, who was arrested and stripped of control over his company, Yuzhuralzoloto.
The crackdown has also implicated regional officials with substantial holdings. Former head of “Uralupravtodor” Aleksey Borisov had 19 land plots, 15 houses, 26 apartments, and 40 commercial spaces confiscated.
-17753cdeceefed101825738abba6e0d4.jpg)
Former Sochi mayor Aleksey Kopaigorodsky reportedly held 50 real estate assets, 15 land plots, and 10 vehicles. Vladimir Okunev, ex-Minister of Transport in Rostov region, allegedly owned 30 properties and 25 cars. Aslan Trakhov, who led the Supreme Court of Adygea for two decades, is said to have acquired 114 land plots, 26 homes, and multiple shopping centers.
Earlier, Ukraine’s Foreign Intelligence Service reported that Russia’s economy is facing its worst crisis in decades, citing a near halt in industrial growth, a $63 billion budget deficit in 2025, and the lowest rail freight volumes in 16 years. According to The Moscow Times, Russia’s January 2026 deficit alone reached $22.3 billion, driven by a 50% collapse in energy revenues.
-7f54d6f9a1e9b10de9b3e7ee663a18d9.png)
-111f0e5095e02c02446ffed57bfb0ab1.jpeg "Photo of Roman Kohanets")
-c439b7bd9030ecf9d5a4287dc361ba31.jpg "Photo of Katherina Popilnichenko")