A Moscow court ordered the seizure of Vadim Moshkovich’s 49 per cent stake in Ros Agro, the agricultural firm he founded. Prosecutors allege he violated a ban on combining public service with business activities and abused his political position for illegal enrichment. Moshkovich, who served in Russia’s upper chamber of parliament from 2006 to 2014, has been held in pre-trial detention since March last year, according to The Moscow Times.

Russian authorities confiscated assets worth 550 billion rubles ($7.59 billion) linked to Moshkovich and transferred them to state ownership, according to The Moscow Times. Former Rusagro Chief Executive Maxim Basov was arrested in connection with the case, the same source reported.

Asset seizures are redistributing wealth, often to other business groups. The Russian government has transferred private businesses to state ownership since the full-scale invasion of Ukraine, with an estimated 6.5 trillion rubles ($89.7 billion) in assets moved to state control, according to The Moscow Times. In 2025, Russia seized 1.1 trillion rubles (S$19 billion) of assets in anti-corruption cases, according to Straits Times.

Five of the top 20 richest Russians on the Bloomberg list are affected by the recent allegations against Moshkovich. Moshkovich is ranked 51st on Forbes Russia's list of the country's wealthiest businessmen, according to The Moscow Times. The seizure of assets linked to Vadim Moshkovich was the largest in a recent series of asset seizures. Wealthy Russians are losing assets due to state seizures.