this post was submitted on 07 Jul 2025
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Vladimir Putin’s government has launched an aggressive campaign to nationalize the assets of Konstantin Strukov, one of Russia’s richest men and the owner of the country’s largest gold mining company. The move marks a sharp escalation in the Kremlin’s efforts to extract wealth from within its own elite as the financial toll of the war in Ukraine deepens.

Strukov, whose fortune is estimated at over $3.5 billion, is the founder of Yuzhuralzoloto—a gold empire built over decades with strong ties to the Kremlin. But on July 5, his private jet was grounded by Russian authorities as it prepared to leave for Turkey. His passport was reportedly seized, and the aircraft barred from departing.

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[–] bytesonbike@discuss.online 210 points 2 days ago (5 children)

Billionaires siding with dictators thinking they'll be protected?

[–] pelespirit@sh.itjust.works 124 points 2 days ago (2 children)

It's funny to me that they think they'll be special, every single time. "They won't throw me out the window for my fortune!"

[–] Nougat@fedia.io 51 points 2 days ago (2 children)

Leopards Throwing Out Of Windows Party

[–] ChicoSuave@lemmy.world 7 points 1 day ago

Window Inspectors Against Workplace Safety party

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[–] Saleh@feddit.org 34 points 1 day ago (3 children)

Well, in the case of Nazi Germany it worked spectacularly well. Many of Germanys most rich people are inheritors to industrial fortunes that got unimaginably rich with selling weapons to the Nazi army and using forced labor from the concentration camps. The families Quandt/Klatten (BMW) and Porsche/Piech (Porsche,VW, Audi...) come to mind directly. The Krupps are also still in the game although they have gambled a lot of money away over the past decades

[–] NewNewAugustEast@lemmy.zip 12 points 1 day ago (1 children)

It is worth mentioning that in the case of krupps they made a lot of money selling arms in WWI and they purchased newspapers to sell the war to increase profits.

Own all the newspapers... Propaganda... Seems familiar.

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[–] boonhet@sopuli.xyz 10 points 1 day ago

Never ask Mr. Kühne where his family's fortune came from, or what their most popular cargo was in the 40s.

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[–] dangling_cat@piefed.blahaj.zone 26 points 2 days ago

Nah. They all play this game; they all know the risk. It’s all about gaining leverage and the correct alignment at the right time.

He probably knows it’s happening and sacrifices himself for his family and assets.

[–] atzanteol@sh.itjust.works 20 points 2 days ago (1 children)

Usually they are. Dictators typically gain and keep power by appeasing the wealthy and powerful.

[–] pelespirit@sh.itjust.works 14 points 1 day ago (1 children)

Not keep power, just to get it. Then they dump them once they've got it. See Giuliani, Musk, My Pillow guy, Herman Cain, etc.

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[–] mgnome@piefed.social 12 points 1 day ago (1 children)

Some folks became billionaires in Russia simply because they were friends of Putin though.

These may truly be protected class. Everyone else though - out the window as soon as they outlive their usefulness.

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[–] HubertManne@piefed.social 142 points 1 day ago (13 children)

This is a pretty good example of why I say even millinoaires and billionaires should support a functional democractic society with taxation and regulation and social safety nets. Its the old penny wise and pound foolish. Getting a sliver more and a sliver more and then you lose it all because the rule of law was thrown out long ago. It won't necessarily take that long to. At a certain point it could happen at any time. Maybe it will. Maybe it won't.

[–] burgerpocalyse@lemmy.world 30 points 1 day ago (2 children)

a functional democratic society would not have billionaires and hopefully millionaires neither

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[–] vivalapivo@lemmy.today 10 points 1 day ago (1 children)

Rich people live under the fear of losing it all. As sharing is synonymous with losing to them, no one wants it and everyone is caught in this loop.

[–] grrgyle@slrpnk.net 9 points 1 day ago (5 children)

I'm becoming convinced it's an actual mental disease, or at least grossly maladaptive

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[–] newthrowaway20@lemmy.world 76 points 2 days ago* (last edited 2 days ago) (2 children)

The USA elite should take notice. It'll happen to them too. Trump will ruin them if things get between himself and them.

[–] PalmTreeIsBestTree@lemmy.world 29 points 1 day ago (3 children)

It’s all ready happening between him and Musk unless that’s all kayfabe

[–] bytesonbike@discuss.online 13 points 1 day ago (1 children)

I'm really excited for Zuckerfuck to get Trump'd. Unlike Musk, he'll do it in the most pathetic way... Raging like a little nerd by writing private temper tantrum emails and everyone in his circle comforts him because he pays them 7-figures.

[–] jaybone@lemmy.zip 11 points 1 day ago

Tbf, musk’s way is also pretty pathetic.

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[–] ShadowRam@fedia.io 14 points 2 days ago (1 children)

Trump Admin using national security as a pre-tense to take control over X/Twitter away from Musk, and effectively killing it in favour of Truth Social

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[–] ddplf@szmer.info 62 points 2 days ago (1 children)

It's funny because $3.5bln is nothing when trying to cover the war effort, but it'll spark a massive distrust in the Kremlin's inner circle, which is basically the only group of people that can realistically threaten Putin's very life.

[–] Diplomjodler3@lemmy.world 34 points 1 day ago* (last edited 1 day ago) (1 children)

I'm still waiting for these fuckers to finally grow some balls.

[–] TankovayaDiviziya@lemmy.world 20 points 1 day ago (1 children)

Nah. Russia will implode itself on its own even without resistance. As if Russia never learned anything that autocratic control over economy never works, because their political culture is too corrupt to function effectively.

Francis Fukuyama, as wrong as he was about the end of history, is still correct that dictatorships eventually collapse because they surround themselves with yes men who are too detached from reality. The invasion of Ukraine is the beginning of the end for Putin. It is only a matter of time.

[–] altkey@lemmy.dbzer0.com 15 points 1 day ago (2 children)

the beginning of the end for Putin. It is only a matter of time.

With his age, he has all biological means to fuck around and never find out. I believe the legacy talk captures him, but the fact he himself would never meet any pushback makes many of his decisions way easier than if he was 40yo and had another 40+ to his rule. Any other minute of him fucking up foreign countries with a weaponised influence, not to say direct warfare, is a minute too much.

He could've tried to revive the country, and he got an easy start in the 00s, but he chosed to gamble it instead.

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[–] arc99@lemmy.world 45 points 1 day ago (3 children)

Soon these oligarchs won't even own a window to jump out of

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[–] some_guy@lemmy.sdf.org 42 points 1 day ago (3 children)

Strukov’s company has denied the incident entirely, stating that he was in Moscow on the day in question and calling the reports “disinformation.” But court documents confirm that a judge had already banned him and his family from leaving the country, and government agencies moved quickly to enforce it.

I will now recommend the Sad Oligarch podcast. Short series on the mysterious deaths of Russian oligarchs in the last few years.

[–] AnarchistArtificer@slrpnk.net 9 points 1 day ago (1 children)

A friend of a friend is the daughter of a Russian oligarch. It was a messy situation in which she was at risk of being drawn into the politics, even though her dad was an asshole who she would've been glad to see defenestrated. I only know the surface level info, but it sounds like a fucked up situation in many ways

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[–] oppy1984@lemdro.id 39 points 1 day ago* (last edited 1 day ago) (2 children)

Somebody didn't watch Rules for Rulers, keep your elite happy or they'll come together and turn on you.

Fingers crossed.

[–] thatKamGuy@sh.itjust.works 23 points 1 day ago (3 children)

You remember those old “In Soviet Russia” backwards jokes? It’s like that, but unironically.

Putin has consolidated power to the point that he doesn’t serve at the behest of Russian billionaires; they only exist due to his whims - and they can cease to exist just as quickly.

‘Blowout’ by Rachel Maddow touches on this, it’s an interesting read/listen.

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[–] avidamoeba@lemmy.ca 7 points 1 day ago (1 children)

Not if you have a loyal, competent police apparatus to round up anyone who dares to step out of line.

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[–] finitebanjo@lemmy.world 34 points 1 day ago (1 children)

And let this be a lesson to US Billionaires.

[–] Tryenjer@lemmy.world 13 points 1 day ago* (last edited 23 hours ago) (1 children)

If most of them are as smart and lucid as Musk, they won't learn anything.

US billionaires think they can control Trump, and that's very likely true. The worst is yet to come for these rich guys when someone who can truly reverse the power dynamics and thus rule them with an iron fist, as well as the common people, takes the throne.

[–] finitebanjo@lemmy.world 12 points 1 day ago* (last edited 1 day ago) (2 children)

Trump cannot be controlled, everything is purely transactional with him. The moment he gains more from taking businesses by force, thats what he will do.

Trust and deals have no meaning to him. This is a theif without honor.

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[–] MushuChupacabra@lemmy.world 34 points 2 days ago (3 children)

Conversely, if Putin falls out a window, maybe they can keep their business.

[–] Diplomjodler3@lemmy.world 12 points 1 day ago (1 children)

They're scared they'll go down with him. But they'll finally have to accept the fact that they're fucked either way. At this point, getting rid of him is their best chance.

[–] MushuChupacabra@lemmy.world 9 points 1 day ago

They're scared they'll go down with him. But they'll finally have to accept the fact that they're fucked either way. At this point, getting rid of him is their best chance.

Yup. They're at the point where the consequences of obedience are as bad as defiance.

Best have him fall out a window and see if prospects change.

[–] Regna@lemmy.world 10 points 2 days ago (6 children)

Please. There are hundreds ready to take Putins place. Some politically, but hundreds behind the scenes who also have finger puppets ready for ”power” who can step in for both Medvedev and Putin. The rest of the dog kennel (like Lavrov) will keep barking for their masters sake.

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[–] Tollana1234567@lemmy.today 7 points 1 day ago (2 children)

putin is paranoid enough not to go any windows, he often only ventures from his PALACES under fsb protection to a room where he has 20m table away from his inner circle.

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[–] pawnfuture@lemmy.world 33 points 1 day ago

This is the oligarchy that American technocrats want to recreate at home. Owning things is dependent on being alive. Maybe paying a couple percent extra on taxes is worth it.

[–] doo@sh.itjust.works 31 points 1 day ago

What a great way to show the inefficiency of sanctions! /s

[–] WiseScorpio@lemmy.world 24 points 1 day ago (1 children)

Strukov is about to suffer the effects of defenestration.

[–] iAvicenna@lemmy.world 22 points 1 day ago (1 children)

That's what you get for siding with fascists. People will never learn.

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[–] McDropout@lemmy.world 22 points 1 day ago

It’s giving Elon-Trump vibes

[–] hansolo@lemmy.today 18 points 1 day ago

Ooooh, gringo broligarchs, cast your eyes upon all the fucks left to give, and see that $Trump wallet may also be empty.

Just like Ancient Rome. The dictator needs cash so he murders the rich people who aren’t his friends and takes their money

[–] Wazowski@lemmy.world 11 points 2 days ago (1 children)

that cunt Zuckerberg should pay attention.

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[–] Rentlar@lemmy.ca 10 points 1 day ago

If you nationalize your industry, you should be doing it to reform and re-gear it to support your country.

Clearly, Putin here is not interested in making it good for the country, but that his petty war has him cash-strapped and needs to forcibly 'borrow' his billionaire friends' assets.

[–] skozzii@lemmy.ca 7 points 1 day ago (1 children)

The Putin giveth and the Putin taketh away.

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