Nationalization in Russia

Privatization in Russia

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2026

Plasmocatalysis nanotube company nationalized in Russia

On March 11, 2026, the Sovetsky District Court of Novosibirsk recovered almost 9.4 billion rubles from Academician of the Russian Academy of Sciences Mikhail Predtechensky and three companies related to the production of nanotubes. The decision was made at the suit of the prosecutor's office of the Novosibirsk region. Read more here.

The companies of the ex-owner of the drug manufacturer Uralbiopharm have been nationalized

In early February 2026, the Kirovsky District Court of Yekaterinburg turned into state revenue the companies Korona Tekhet and Indra-M, which belonged to the former deputy of the State Duma and the ex-owner of the drug manufacturer Uralbiofarm Malika Gaysin. The value of nationalized assets exceeds 1 billion rubles, as reported by the prosecutor's office of the Sverdlovsk region. Read more here.

In Russia, the bearing holding KIMP of the ex-deputy head of Rosstandart was nationalized

At the end of February 2026, the Gagarinsky District Court of Moscow seized the KIMP holding in favor of the state, which specializes in the production of bearings, including for the needs of the armed forces. The decision was made at the suit of the Prosecutor General's Office of the Russian Federation. Read more here.

Leonardo flight booking system developer nationalised

On February 20, 2026, the Nikulinsky Court of Moscow satisfied the claim of the Prosecutor General's Office of Russia to appeal to the state property of the owners of Sirena Travel. She is the developer and operator of the largest Leonardo flight booking system in Russia (Leonardo). Read more here.

Agroholding "Altaygrosnab" nationalized

The Novosibirsk Regional Court turned the property of the former head of the South Siberian Interregional Department of Rosprirodnadzor Andrei Frolov into state revenue. This was announced on February 17, 2026 by the Prosecutor General's Office of Russia. Read more here.

Sanatoriums " Hot Key" and "Foothills of the Caucasus" were nationalized in Russia

At the end of January 2026, the Oktyabrsky District Court of Krasnodar turned into state revenue the sanatoriums "Hot Key" and "Foothills of the Caucasus." The decision was made at the suit of the Prosecutor General's Office of the Russian Federation against Sochi businessman Vigen Sargsyan and 18 individuals and legal entities affiliated with him. Read more here

Crowne Plaza Hotel in Krasnodar nationalized

The Oktyabrsky District Court of Krasnodar, at the suit of the Prosecutor General's Office of the Russian Federation, turned the assets of Sochi businessman Vigen Sargsyan into state revenue to compensate for damage and compensation for environmental damage. This was announced on January 30, 2026 by the joint press service of the courts of the Krasnodar Territory. Read more here.

2025

The volume of nationalization in Russia tripled over the year and exceeded 854 billion rubles

In 2025 Russia , a threefold increase in the volume of nationalized assets was recorded in. According to court decisions states , 24 private assets worth $11.03 billion (over 854 billion) were transferred to income rubles , while 2024 enterprises worth $3.89 billion were nationalized in 10. This follows from the report of the AK&M agency on transactions in the Russian M&A market, published on February 12, 2026.

The share of such transactions in the total volume of the market M&A increased from 7.2% to 27.6%. In total, in 2025, 399 transactions were made for $41.12 billion (minus 20% in number and 24.6% in value year-on-year).

The largest transactions of the year were recognized: the transfer to the Federal Property Management Agency of the assets of the "crab king" Oleg Kahn ($4.3 billion), the seizure of 67.85% of the Yuzhuralzoloto group from Konstantin Strukov (about $2 billion) and the purchase of the Semrush platform for $1.9 billion.

The volume of nationalized assets in Russia tripled over the year, exceeding 854 billion rubles

The AK&M agency distinguishes two categories of nationalization: with a fixed amount of reimbursement (taken into account in M&A statistics) and without such. In 2025, 9 cases of seizure were recorded without assessing the damage, the total loss of owners was estimated at $3.8 billion (9.3% of the volume of transactions).

Among them - the transfer to the state of the developer of the "World of Tanks" GC "Lesta" (estimated at $1.7 billion), warehouse assets Raven Russia ($919.2 million) and grain GC "Native Fields" ($867.3 million). The total volume of nationalization (including cases without assessment) reached $14.9 billion - 36% of the entire M&A market.

Lawyers interviewed by RBC identify three groups of grounds for seizures: corruption crimes (assets of Yuzhuralzolot), violations of law No. 57 on foreign investments in strategic enterprises (Dmitry Kamenshchik's Domodedovo airport) and accusations of extremism (Lesta Group of Companies).

The head of the Supreme Court, former Prosecutor General Igor Krasnov, in an interview with RBC, stressed that the supervisory authority does not conduct an audit of privatization, but reacts to established facts of corruption, illegal withdrawal of assets and deliberate bankruptcy.

Other trends in 2025 include the dominance of state-owned companies: 55 transactions worth $16.87 billion (40.8% of the market). The volume of their purchases increased by 46.5%, the average value of the transaction reached a maximum from 2021 ($306.6 million). Private business volumes decreased by 44.2%.

At the same time, the trend of using closed mutual funds (ZPIFs) for intercompany shifts has subsided and the activity of foreigners has sharply decreased: 22 transactions for $924 million against 58 transactions for $3.38 billion in 2024.^[1][2]

The volume of nationalization of assets in Russia for the year increased 4.5 times and reached 4.3 trillion rubles

In 2025, the volume of nationalization of private assets in Russia increased 4.5 times compared to 2024. The total value of assets seized in favor of the state since 2022 reached 4.3 trillion rubles. The data was published on January 5, 2026 in Forbes magazine, which investigated litigation on the claims of the Prosecutor General's Office of the Russian Federation.

According to estimates by the NSP law firm (Nektorov, Savelyev and Partners), in 2025 assets worth more than 3.1 trillion rubles were seized from former owners. For 2024, the same figure amounted to about 690 billion rubles.

The volume of nationalization of assets in Russia for the year reached 4.3 trillion rubles

From the publication of the publication it follows that since 2022, the Prosecutor General's Office has initiated 71 such proceedings in 28 regions of the country. The record holder for the total value of nationalized assets was the Moscow region. The largest number of trials was held in the Primorsky Territory.

In 2025, three Russian billionaires lost their business as a result of such lawsuits: Dmitry Kamenshchik lost Domodedovo Airport; Denis Shtengelov lost the KDV Group holding (Shtengelov, together with his father Nikolai, was recognized by the Tver Court of Moscow as an "extremist association"); Konstantin Strukov lost the Yuzhuralzoloto group of companies.

Experts from the NSP Law Office systematized five main types of claims used by the Prosecutor General's Office:

1. Anti-corruption lawsuits against government officials. The reason is the accusation of using his official position for personal enrichment. All property of the defendant is subject to seizure.
2. Lawsuits to abolish illegal privatization of the 1990s-2000s. The prosecutor's office proves that the transactions were carried out by regional authorities without the necessary consent of federal authorities.
3. Seizure of assets recognized as strategic for defense and security from persons associated with foreign countries. The criterion is the presence of foreign citizenship or residence permit.
4. Lawsuits to recognize a businessman as an extremist and seize his property as a material base of extremist activity.
5. Seize assets to pay off debts to the state, for example, on taxes.^[3]

Moscow "Quarter Maryino" nationalized

In December 2025, the court satisfied the claim of the Prosecutor General's Office of the Russian Federation on the transfer of four companies and their assets to the state on the territory of New Moscow. We are talking about the structures "Airplane-Maryino-1," "Airplane-Maryino-2," "Airplane-Maryino-3" and "Airplane-Maryino-4," which own land with a total area of ​ ​ more than 137 hectares in Maryino. Read more here.

The Levashovsky business center was nationalized in St. Petersburg

In December 2025, in St. Petersburg, the Petrograd District Court decided to seize and transfer the Levashovsky business center to the state. The corresponding decision was made at the suit of the Prosecutor General's Office of the Russian Federation. Read more here.

Metrostroy sports complex worth 5.3 billion rubles nationalized in St. Petersburg

At the end of December 2025, the Petrograd District Court of St. Petersburg turned into state revenue a sports complex previously owned by the former heads of Metrostroy Vadim Alexandrov and his son Nikolai Alexandrov. The cost of the facility exceeds 5.3 billion rubles. Read more here

Clinic and Institute "NAKFF" nationalized

On December 19, 2025, it became known that MK NAKFF LLC (NAKFF Medical Clinic), NAKFF Institute of Clinical Research and Pharmaceutical Expertise LLC and NAKFF LLC (National Agency for Clinical Pharmacology and Pharmacy) became the property of the Federal Property Management Agency. These nationalized companies previously belonged to the family of Margarita Labanok, the sister of ex-banker Alexei Khotin. Read more here.

The largest shopping center in Ryazan is nationalized

In mid-December 2025, it became known that the Moscow Arbitration Court would nationalize the largest Premier shopping center in Ryazan as part of a process between the Prosecutor General's Office of the Russian Federation and companies associated with the Latvian bank Rietumu. Read more here.

Khabarovsk shipyard nationalized

In December 2025, the Russian government agreed to transfer a controlling stake in Khabarovsk Shipbuilding Plant JSC (KhSZ) to the ownership of the Khabarovsk Territory. The corresponding order was signed by the Prime Minister of the Russian Federation Mikhail Mishustin. Read more here.

Boarding house "Azurev Bereg" in Gelendzhik nationalized

On December 10, 2025, the Krasnodar Regional Court upheld the court decision on the nationalization of the Azurev Bereg boarding house in Gelendzhik. Former owners of the boarding house will have to transfer to the state a land plot of 15.9 hectares and health resort buildings, as well as to compensate for damage in the amount of 208 million rubles. Read more here.

Crimean Internet provider Sevstar was nationalized due to accusations of helping the Armed Forces of Ukraine

On December 5, 2025, a decision on the nationalization of the property of eleven organizations entered into force in Sevastopol. The basis for the verdict was the accusations of the owners of companies in assisting the special services of Ukraine. This was announced by the Governor of Sevastopol Mikhail Razvozhaev. Read more here

One of the largest agro-industrial holdings of Russia "Ariant" was nationalized

At the end of 2025, Capital LLC (Moscow), which is owned by RSHB Capital JSC (a subsidiary of the state Rosselkhozbank), expanded its asset portfolio at the expense of nationalized holdings. She became the full owner of six companies that previously belonged to the nationalized Makfa and Ariant groups seized from former owners. Read more here.

Yamalkommunenergo nationalized

At the end of November 2025, the Leninsky District Court of Yekaterinburg turned the Yamalkommunenergo company, the largest resource-supplying enterprise in the Yamalo-Nenets Autonomous Okrug, into state ownership. The decision was made at the suit of the Prosecutor General's Office of the Russian Federation in the framework of the case on the nationalization of the assets of Ural businessmen Artem Bikov and Alexei Bobrov, who were the beneficiaries of the STS Corporation. Read more here

Siberian-Ural Energy Company nationalized

At the end of November 2025, the Leninsky District Court of Yekaterinburg transferred to the ownership of the state the Siberian-Ural Energy Company (SUENKO), which provides electricity to consumers in the Tyumen and Kurgan regions. The decision was made at the suit of the Prosecutor General's Office of the Russian Federation. Read more here.

Temryuk sea transshipment terminal nationalized

On November 24, 2025, the Arbitration Court of the Krasnodar Territory transferred Temryuk Sea Transshipment Terminal LLC to state ownership. The decision was made at the suit of the Prosecutor General's Office of the Russian Federation. Read more here.

Tuapse Commercial Seaport Nationalized

On November 24, 2025, the Arbitration Court of the Krasnodar Territory, at the suit of the Prosecutor General's Office of the Russian Federation, turned Tuapse Commercial Sea Port LLC (TMKP) into state ownership. This object previously belonged to entrepreneur Shakhlar Novruzov. Read more here.

The Vorontsovo business center in the center of Moscow was nationalized

At the end of October 2025, it became known that the Vorontsovo business center on Architect Vlasov Street in the center of Moscow was seized in favor of the state. The decision was made as part of the nationalization of enterprises of the ex-head of Gazprom energo Alexei Mityushov. Read more here.

Russian semi-finished products manufacturer Mishkinsky product nationalized

As TAdviser found out in early November 2025, the Central District Court of Chelyabinsk satisfied the claim of the Prosecutor General's Office of the Russian Federation to recover from the former owners of Makfa in favor of the state a 100% stake in the authorized capital of Mishkinsky Product LLC. Read more here

Kurgan CHPP nationalized

In mid-October 2025, it became known that the Leninsky District Court of Yekaterinburg satisfied the claim of the Prosecutor General's Office of the Russian Federation to seize the assets of the STS Corporation Group of Companies into state revenue. Among them, in particular, was Kurgan CHPP LLC. Read more here.

The company "Intertechenergo" building the CHPP is nationalized

In mid-October 2025, the Leninsky District Court of Yekaterinburg satisfied the claim of the Prosecutor General's Office of the Russian Federation to seize the assets of the STS Corporation Group of Companies into state revenue. In particular, the Intertechenergo - New Generation company has been nationalized, which specializes in the construction of power facilities. Read more here.

Alcohol plant "Spring and K" nationalized

At the end of October 2025, it became known about the nationalization of the Rodnik and K plant. The alcohol enterprise was transferred to the Federal Property Management Agency along with assets related to the Global Spirits holding of Ukrainian businessman Yevgeny Chernyak. In Russia, he is accused of financing the Armed Forces of Ukraine. According to the Investigative Committee of the Russian Federation, Chernyak helped Kyiv with funds from the sale of vodka "Khortitsa," "Morosha" and "Pervak." Products under these brands were produced at the Rodnik and K plant. Read more here

Ivanovo heavy machine tool plant nationalized

The Supreme Court of Russia nationalized the shares of the open joint-stock company Ivanovo Heavy Machine Tool Plant. The Board of Economic Disputes concluded that in the early 1990s the enterprise was privatized illegally. This was reported by Interfax with reference to the press service of the court on October 23, 2025. Read more here.

St. Petersburg Humanitarian University of Trade Unions nationalized

On October 10, 2025, the Arbitration Court of St. Petersburg and the Leningrad Region satisfied the claim of the Prosecutor General's Office of the Russian Federation on the nationalization of real estate of the St. Petersburg Humanitarian University of Trade Unions (SPbGUP) and the founder of the university - the Federation of Independent Trade Unions of Russia (FNPR). We are talking about objects with a total area of ​ ​ about 54 thousand square meters, the market value of which is estimated at 8 billion rubles. Read more here.

Energy "STS Corporation" nationalized in Russia

In mid-October 2025, the Leninsky District Court of Yekaterinburg satisfied the claim of the Prosecutor General's Office of the Russian Federation to appeal to the state the assets of the Ural communal holding STS Corporation. The decision was made within the framework of the case, the main defendants in which were businessmen Alexei Bobrov and Artem Bikov, as well as the former vice-governor of the Sverdlovsk region Oleg Chemezov. Read more here.

One of the largest enterprises of communal power of the Sverdlovsk region "Oblkommunenergo" was nationalized

On October 10, 2025, the Leninsky District Court of Yekaterinburg satisfied the claim of the Prosecutor General's Office of the Russian Federation on the appeal to the state of the assets of businessmen Alexei Bobrov and Artem Bikov. In particular, one of the largest enterprises of communal energy in the Sverdlovsk region, Oblkommunenergo, was nationalized. Read more here

Tambov Internet provider "Lanta" nationalized

On October 7, 2025, the Oktyabrsky District Court of the city of Tambov satisfied the claim of the Prosecutor General's Office of the Russian Federation, turning the assets of Lanta, a large regional telecom operator, into state revenue. The owners of this company are recognized as extremists. Read more here

One of the largest music publishing houses in Russia "Music" is nationalized

In mid-September 2025, the Perovsky Court of Moscow, at the request of the Prosecutor General's Office of the Russian Federation, transferred to the state the Muzyka publishing house, which is the successor and heir to P. Jurgenson, which was nationalized in 1918. Shares and property of the publishing house owned by US citizen Mark Zilberkvit are transferred to the ownership of the Russian Federation. Read more here.

One of the largest food holdings in Russia, KDV Group, has been nationalized

In early October 2025, the Tverskoy District Court of Moscow satisfied the claim of the Prosecutor General's Office to recognize the owner of KDV Group (produces products under the brands Kiriyeshki, Yashkino, Babkin Seeds, Calve, Baltimore, etc.) Denis Shtengelov, his father Nikolai and wife Maria Korzhilova are an extremist association. The holding's assets are converted into state income. Read more here.

Pyatigorsk Dairy Plant nationalized

The Federal Property Management Agency received a 100% stake in Pyatigorsk Dairy Plant LLC and a 40.45% stake in the associated agricultural firm Kaishev Village. The enterprises previously belonged to brothers Vladimir and Yuri Kaishev on a parity basis.. The corresponding changes to the Unified State Register of Legal Entities were made on September 23, 2025. Read more here.

The Vostokcement company was nationalized, which belonged to the family of the ex-head of Vladivostok convicted of corruption. ₽80 billion seized from him

The Tverskoy Court of Moscow decided to nationalize the assets of the Vostokcement and Renaissance groups of companies, which belonged to the family of Igor Pushkarev, the former mayor of Vladivostok, convicted of corruption crimes. The total value of the seized property is almost ₽80 billion. The full satisfaction of the claim of the Prosecutor General's Office of Russia became known on September 22, 2025. Read more here.

The largest electricity supplier in the Stavropol Territory, Stavropolenergosbyt, has been nationalized

In July 2025, the court satisfied the claim of the Prosecutor General's Office of the Russian Federation on the circulation of securities of an energy company to the state. As a result, the Federal Property Management Agency received about 72.3% of the voting shares of Stavropolenergosbyt PJSC into direct management. Read more here

The founder of the Volga-Dnepr cargo airline announced its nationalization

The founder and former owner of the Volga-Dnepr cargo group, Alexei Isaikin, announced the transfer of business to the state. Isaikin announced this on August 25, 2025 at the celebration of the 35th anniversary of the Volga-Dnipro in Ulyanovsk. Read more here.

The court handed over to the state 50% of the Riga Bread confectionery group

The Rodnikovsky District Court of the Ivanovo Region decided to seize in favor of the state half of the shares of the Russian Riga Bread LLC, previously owned by Latvian citizen Normund Bomis. This became known on August 18, 2025. Read more here

The largest producer of canned food in Russia "Glavproduct" is nationalized

In July 2025, the Moscow Arbitration Court satisfied the claim of the Prosecutor General's Office on the nationalization of the assets of the Glavprodukt group of companies owned by entrepreneur Leonid Smirnov. The basis for the decision was the conclusions of the supervisory authority on the illegal transfer abroad of about 1.379 billion rubles in the form of dividends through American companies controlled by Smirnov. Since it was not possible to recover these funds from the defendant, his shares in the business passed to the Federal Property Management Agency. Read more here.

Nationalization of assets by 3.9 trillion rubles. in three years

The total amount of assets seized or transferred to the management of the Russian state for three years (by the end of June 2025) reached about 3.9 trillion rubles. This is equivalent to the federal budget expenditures for the month, or 2% of the GDP of the Russian Federation. Such data are given in the review of the NSP Law Office (Nektorov, Savelyev and Partners), which TAdviser got acquainted with in early July 2025.

The document says that law enforcement agencies are actively restoring the rights of the Russian Federation to assets "lost beyond will," protecting the country's national security and public interests. Within the framework of this work, an analysis is carried out of the legality of the ownership of property by former deputies or other persons holding positions of power, the correctness of privatization, and the existence of the right to own property by foreign persons. In addition, terrorists and extremists are identified, whose property is transferred to the state.

For three years, the Russian Government nationalized assets worth 3.9 trillion rubles.

By the end of June 2025, the total value of assets seized over three years under the law on strategic societies amounted to 1.539 trillion rubles. Among such facilities were seaports, fishing and mining enterprises, a pulp and paper mill, etc. About 1.07 trillion rubles fell on assets nationalized on corruption grounds.

Another reason for the seizure of property was illegal privatization: assets worth 385.4 billion rubles were seized in such cases. According to the claims of the General Prosecutor's Office on the recognition of individuals or associations of individuals as extremist, assets worth 181.8 billion rubles were nationalized. The amount of assets seized in defense of the public interests of the Russian Federation (loss resulting from ineffective management and control) amounted to 621.5 billion rubles. In addition, 47.8 billion rubles fell on claims for the collection of dividends and (or) losses associated with seized enterprises.^[4]

Three companies included in the Lesta game development group have been nationalized. They transferred money to Ukraine

Three companies included in the Lesta group of computer game developers were nationalized in Russia. We are talking about LLC "Lesta," LLC "Lesta Games Egency" and LLC "Lesta Games Moscow" completely passed into state ownership. The nationalisation procedure was completed in June 2025. Read more here

Following Domodedovo Airport, its operating companies were nationalized

The Federal Property Management Agency became the owner of 100% shares in DME Holding LLC, the management company through which the operating assets of Domodedovo Airport are controlled. The Federal Agency for State Property Management received the asset after the nationalization of the parent structure. Information on the transfer of ownership rights was entered into the Unified State Register of Legal Entities on June 19, 2025. Read more here.

A ₽6 billion office center near the Kremlin has been nationalized. It belonged to Alexei Khotin

An office and shopping center with an area of ​ ​ 12.7 thousand square meters and a value of about ₽6 billion became the property of the state by the decision of the Meshchansky District Court of Moscow, adopted in May 2025. The facility, located in Solyansky passage near the Kremlin, was previously under the control of structures associated with entrepreneur Alexei Khotin. Read more here.

The court nationalized Domodedovo Airport

The assets of the management company of Domodedovo Airport were transferred to state ownership by decision of the Arbitration Court of the Moscow Region, adopted on June 17, 2025. The court satisfied the claim of the General Prosecutor's Office and recognized as justified the appeal of the property of DME Holding LLC to the state. The transfer of assets to the treasury must begin immediately in accordance with the decree. Read more here

Kamchatka Shipping Company nationalized

Kamchatka Shipping Company passed into state ownership. Changes to the Unified State Register of Legal Entities were made on June 16, 2025. The basis was the court decision on the claim of the Prosecutor General's Office of Russia on the appeal to the state of property belonging to former officials of the Kamchatka Territory. Read more here.

The largest Russian manufacturer of PVC Sayanskkhimplast with assets of ₽92 billion has been nationalized

The Khamovnichesky District Court of Moscow seized in favor of the state the assets of Sayanskkhimplast JSC worth more than ₽92 billion. This became known at the end of May 2025. The largest producer of polyvinyl chloride in Russia was nationalized at the suit of the Prosecutor General's Office to the actual owner of the enterprise - ex-speaker of the Legislative Assembly of the Irkutsk region Viktor Kruglov and members of his family. Read more here.

Petropavlovsk-Kamchatka Commercial Sea Port nationalized

The Petropavlovsk-Kamchatka Commercial Sea Port was nationalized by the decision of the Leninsky District Court of Vladivostok, adopted in May 2025. The court satisfied the claim of the Prosecutor General's Office of Russia on the confiscation of property obtained in violation of anti-corruption legislation. The total value of seized assets is more than ₽31 billion. Read more here

Crimea nationalized 60 objects of property of Ukrainians and earned ₽4,8 billion

The head of the State Council of the Republic of Crimea, Vladimir Konstantinov, said in May 2025 that the regional authorities had sold 60 objects at the auction during the nationalization of the property of Ukrainian citizens. These sales brought more than ₽4,8 billion to the Crimean budget. Read more here

Oil and gas and petrochemical cargo transportation operator SG-trans was nationalized

At the end of April 2025, the Oktyabrsky District Court Yekaterinburg satisfied the claim Prosecutor General's Office RUSSIAN FEDERATION for the disposal states of shares of one of the largest Russian companies in the field of leasing railway cars of JSC "" and Reil vector its subsidiaries. In particular, the SG-trans oil and gas and petrochemical cargo transportation operator was nationalized. More. here

Salavat catalyst plant nationalized

The Salavat Catalyst Plant, the largest manufacturer of catalysts and adsorbents in Russia with revenue of ₽3,872 billion and a net profit of ₽314 million in 2024, became the property of the state at the suit of the General Prosecutor's Office. The relevant information about the change in the owner of the enterprise appeared in the Unified State Register of Legal Entities in April 2025. Read more here.

Sanatorium "Ai-Danil" in Yalta nationalized

One of the largest sanatoriums in Crimea - the Ai-Danil complex in Yalta - became state-owned in December 2024. The market value of the object, according to experts, can reach ₽10 billion. The sanatorium was transferred to the balance sheet of the Federal Property Management Agency and is managed by the federal state enterprise Yasen. This became known on April 25, 2025. Read more here

Nationalization of 5 alcoholic companies of Ukrainian businessmen

The bailiffs turned into Russian revenue shares and 100% shares of five alcohol companies that belonged to Ukrainian businessmen who financed the Armed Forces of Ukraine. This was reported in April 2025 by the press service of the FSSP of Russia. About 60 thousand shares of Velikoustyug Distillery JSC were transferred, as well as 100% shares in the authorized capital of National Alcohol Traditions LLC, Business Group LLC, Southern Alcohol Traditions LLC and Alcohol Traditions of Crimea LLC. Read more here

Oilfield service group Borets nationalized

At the end of March 2025, the Arbitration Court of the Kaliningrad Region decided to transfer 100% of the shares of the Borets oilfield service group of companies to the ownership of the Russian Federation. The decision was made as part of a lawsuit filed by the Prosecutor General's Office, which insisted on returning the strategically significant asset to state control. Read more here

The court ruled to transfer to the Federal Property Management Agency 16 warehouses of one of the market leaders Raven Russia

The Moscow Arbitration Court on January 31, 2025 at a closed meeting satisfied the claim of the Prosecutor General's Office of Russia on the transfer of 16 warehouse complexes to Raven Russia to the state. The court recognized them as transport terminals operating under a natural monopoly. Read more here.

One of the largest grain traders in Russia "Native Fields" is nationalized

On January 31, 2025, the Arbitration Court of the Rostov Region satisfied the claim of the Prosecutor General's Office to transfer 100% of the shares of Native Fields, one of the five largest Russian grain exporters, to the state because of the beneficiary's citizenship of St. Kitts and Nevis. Read more here.

Agricultural holding "Pokrovsky" nationalized

In December 2024, the Federal Property Management Agency transferred 89 companies of the Pokrovsky concern to the structure of VTB Bank. Information about the change of ownership became known in January 2025, after making changes to the Unified State Register of Legal Entities. Read more here.

2024

Crimea received ₽4,8 billion from the nationalization of the property of Ukrainian businessmen

On January 29, 2025, the Minister of Property and Land Relations of the Republic of Crimea Larisa Kulinich announced the receipt of ₽4,8 billion to the regional budget from the sale of nationalized property of Ukrainian businessmen, politicians and oligarchs in 2023-2024. Read more here.

Tambov distillery "Amber Talvis" nationalized

The Tambov District Court has completed the nationalization of the Amber Talvis distillery, previously owned by the Luxembourg-based Amber Beverage Group Holding. The lost profit of the holding from the loss of the enterprise amounted to €10.1 million. This became known in early December 2024. Read more here

Nationalisation of Cherry Tower Business Centre

On November 22, 2024 Meshchansky District Court Moscow , he satisfied the claim Federal Bailiff Service (FSSP) to apply to the income of the states Cherry Tower business center associated with the former owner. Bank "Ugra" Alexey Khotin The details of the case were not disclosed, since its consideration is held behind closed doors. More here

The cinema of ex-Prime Minister of Ukraine Arseniy Yatsenyuk in Yalta was nationalized

On November 12, 2024, the Court of Appeal confirmed the legality of the nationalization of the Saturn IMAX cinema in Yalta, which previously belonged to the structures of ex-Prime Minister of Ukraine Arseniy Yatsenyuk through Sky Plaza LLC. The decision to include the object in the property of the Republic of Crimea was made in 2023. Read more here.

Ulyanovsk Machine Tool Plant nationalized

On October 22, 2024, it became known that the Ulyanovsk Machine Tool Plant came under the control of the Federal Property Management Agency on the basis of the decree of Russian President Vladimir Putin of February 20, 2024. According to the document, 100% of the shares in the authorized capital of the enterprise, previously owned by the German company Gildemeister Beteiligungen (Gildemeister Betailigungen GmbH), were transferred to the interim administration of the state. Read more here.

Sevastopol nationalized the largest gas company Sevastopolgaz

On October 17, 2024, the government of Sevastopol decided to transfer PJSC Sevastopolgaz to state ownership. The company has a temporary administration formed by the authorities. At the same time, as emphasized, nothing will change for the labor collective. Read more here

Moscow shopping center "Gorbushkin Dvor" nationalized

On October 2, 2024, it became known that the Gorbushkin Dvor shopping center came under state control. The facility was nationalized in connection with the debts of Alexei Khotin, the former owner of the bankrupt bank Ugra. Read more here

State corporations in Russia will be obliged to return to the budget 50% of the value of nationalized assets

The Russian government has initiated amendments to the Budget Code aimed at implementing the "quasi-privatization" mechanism for assets transferred to state corporations after their return to state ownership by a court decision. According to the proposed amendments, from 2025, state corporations will be required to transfer 50% of the market value of assets obtained as a result of nationalization to the federal budget. This became known on September 30, 2024. The new mechanism of "quasi-privatization" will make it possible to ensure budget revenues even in the event of a formal gratuitous transfer of nationalized assets to the balance of state corporations.

According to Interfax, bill No. 727327-8, submitted to the State Duma of Russia as part of the budget package, provides for a new procedure for transferring assets to state corporations. If the government decides to donate to a state corporation or company assets received by federal ownership on the basis of court decisions, the recipient will be obliged to transfer funds to the budget in the amount of 50% of the market value of these assets.

Russian state corporations are obliged to return to the budget 50% of the value of nationalized assets

The initiative is aimed at protecting the interests of the state treasury and is being implemented in pursuance of the instructions of the President of Russia dated March 15, 2024 No. Pr-494. The market value of the transferred asset will be determined based on the report of the independent appraiser. State corporations will have to make a payment within three months from the date of receipt of the asset in ownership.

The head of the Ministry of Finance Anton Siluanov previously noted that the sale of assets that passed into the ownership of the state by a court decision in 2023-2024 could become a significant source of budget replenishment. According to his estimates, annual revenues from the sale of such assets can amount to at least ₽100 billion.^[5]

In Russia, 84 cases were carried out on the nationalization of companies from 2022

Since 2022, 84 cases related to the nationalization of business have been initiated in Russia. This is evidenced by the results of a study by the law firm Nektorov, Saveliev & Partners (NSP), published on August 12, 2024.

According to NSP, in 85% of cases, owners have already lost the right to assets or control over the business. In 72 cases, out of 84 assets were seized from owners, while in 10 disputes the fight to keep the business going continues. In two more cases, court hearings took place, but the final decisions have not yet been made public.

In Russia, from 2022 to August 2024, 84 cases were held in which the authorities through the court either directly deprived Russian and foreign individuals or legal entities of control over business

Authorities use eight legal instruments to seize assets. The most common category was deprivation, covering 28 disputes. As part of this procedure, the legality of ownership of assets previously owned by the state is challenged.

The second largest category is the seizure of corruption assets, including 17 cases. The Prosecutor General's Office of Russia uses the opportunity to recover property received by civil servants and their loved ones through corruption, based on law No. 230 and Article 235 of the Civil Code of Russia.

The nationalization of companies directly affected 12 cases. Four of them ended with the forced sale of their assets by foreigners, and eight with decisions to seize property, most often due to the recognition of foreign owners as members of criminal and extremist communities.

Nine cases are related to the transfer of assets of foreign companies under the temporary management of the Federal Property Management Agency in accordance with presidential decree No. 302. In three cases, the reason for the seizure of assets was forced liquidation or bankruptcy.

According to the Prosecutor General of Russia Igor Krasnov, by June 2024, more than 100 enterprises estimated at ₽1,3 trillion were turned into state revenue under the claims of the department. At the same time, Krasnov stressed that "there is no revision of the results of privatization in Russia," and the work of the department does not concern the bona fide owners of privatized enterprises.^[6]

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