Record nationalisation in Russia: the state absorbs businesses worth trillions of roubles
In 2025, Russia set an all-time record for the forced seizure of private assets.
This was reported by the Foreign Intelligence Service of Ukraine.
The volume of nationalised property increased 4.5 times compared to the previous year and exceeded 3.1 trillion roubles.
The total value of such assets since 2022 has reached 4.3 trillion roubles, signalling a complete dismantling of the market economy in favour of Kremlin control.
The Foreign Intelligence Service of Ukraine records a geometric rise in confiscations affecting all sectors — from strategic industries to small private clinics.
Major oligarchs have been hit the hardest. Dmitry Kamenshchik lost control of Domodedovo Airport, Denis Shtengelov lost the confectionery giant KDV Group, and Konstantin Strukov lost the gold-mining company Yuzhuralzoloto.
The process has spread to shopping centres, energy companies, schools and medical institutions, with peaks in the Moscow region, the Urals and the Far East.
Business figures from the Forbes list have turned into victims of a “great redistribution”, in which the state acts as the main corporate raider.
The Kremlin employs five sophisticated schemes to legitimise the expropriation. These include the annulment of 1990s privatisation results, accusations of “extremism”, anti-corruption lawsuits, and investigations into alleged “foreign ties”.
Russia’s judicial system has degraded into a tool of repression, with property owners winning fewer than 1% of cases. Confiscated assets are quickly resold to loyal investors, bringing up to 30 billion roubles in additional revenue to the state budget.
