1 May 2026
Billionaire Vadim Moshkovich, founder of the agricultural holding Rusagro, who has been in pretrial detention since March of last year on charges of bribery and fraud, will have his property worth several billion rubles confiscated.
According to Interfax , Moscow’s Khamovnichesky Court will hear Moshkovich’s property seizure lawsuit on May 4. In addition to Moshkovich, whose net worth is estimated by Forbes at $2.9 billion, Maxim Basov, the former CEO of Rusagro, is a defendant in the case.
The defendants’ movable and immovable property, land plots, cash, and corporate assets, whose total value exceeds several billion rubles, are planned to be transferred to the state, an Interfax source in law enforcement clarified.
An Interfax source did not specify whether Rusagro Holding itself, one of Russia’s largest sugar producers, the second-largest meat producer, and owner of 700,000 hectares of agricultural land, is on the list.
58-year-old Moshkovich, one of Russia’s top 60 richest people, was arrested last spring. According to investigators, Moshkovich and Basov acquired 85% of the shares of Solnechnye Produkty Group at a discounted price in exchange for debt repayment and investments, but failed to fulfill their obligations. Subsequently, investigators believe Moshkovich bribed Sergei Ivanov, the former deputy head of the Tambov Region administration, with a hunting rifle worth 2.6 million rubles. In April, a court seized assets worth over 6.7 billion rubles in the case.
The arrest of Moshkovich, Rusagro’s main shareholder, is linked to plans to confiscate his company, Novaya Gazeta previously reported . Sources in the agricultural market told Evropa. According to them, the Patrushev clan, which is seeking to acquire major assets in the food and agricultural sectors, may be behind the attack on the billionaire.
Under pressure from the authorities, who included Rusagro on the list of strategic enterprises and threatened to declare Moshkovich a “foreign agent,” the businessman voluntarily transferred his assets from Cyprus to Russia through a process of redomiciliation. But soon after, he faced claims from security officials, who launched the largest property redistribution since the privatization of the 1990s.
In 2025, following claims from the Prosecutor General’s Office, 32 strategic enterprises worth 2.5 trillion rubles were nationalized, according to Prosecutor General Alexander Gutsan’s report in April. In March, Gutsan informed President Vladimir Putin of the seizure of private companies worth 4 trillion rubles. According to Rosimushchestvo, 805 companies had been nationalized in Russia by mid-March . Among them are the car dealership Rolf, the Chelyabinsk Electrometallurgical Plant (CHEMP), Yuzhuralzoloto, the country’s largest grain trader Rodnye Polya, the largest warehouse operator Raven Russia, Domodedovo Airport, as well as the ports of Petropavlovsk-Kamchatsky, Murmansk, and Kaliningrad.
“Their foreign owners acted to the detriment of Russia’s interests, transferred dividends abroad, evaded taxes, increased accounts payable,” and also “sponsored the Ukrainian Armed Forces and other anti-Russian activities,” Gutsan said.
“Billionaire Vadim Moshkovich, founder of the agricultural holding Rusagro, who has been in pretrial detention since March of last year on charges of bribery and fraud, will have his property worth several billion rubles confiscated.”
This is, of course, only an excuse to seize his assets. Mafia land is running out of cash, and this is the easiest way to get some. Not saying I feel sorry for this prick.
The smart oligarchs should be thinking of a plan B now, as the shithole is doing worse in this war, and the economic ship is taking on water at an alarming rate.