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Large scale nationalization is happening all across Russia. Saw this on telegram and decided to look them up:

The court returned the Dalnegorsk GOK to the state, September 27, 2023

Dalnegorsky GOK is the only producer of boric acid in Russia. According to the authorities, the enterprise is one of the leading industrial enterprises in Primorye. In the first half of the year, more than 480,000 tons of ore were mined here, which is 36% more than in the same period in 2022.

The Prosecutor General's Office filed a lawsuit against the Fininvest company to declare the results of the privatization on August 2 illegal. On August 8, at the request of the prosecutor's office, 100% of the shares in the authorized capital of Dalnegorsky GOK LLC were seized as part of interim measures.

The main stake in Perm-based Metafrax Chemicals will be transferred to Russia, September 8, 2023

The Arbitration Court of the Perm Territory satisfied the demands of the Prosecutor General's Office to seize in favor of the state the main stake in the Perm enterprise Metafrax Chemicals, which was privatized in the 90s, producing methanol, said regional arbitration judge Tatyana Morozova.

The defendant pointed out the incomparability of the Soviet plant, the cost of which was estimated at 370 million rubles before the denomination, with the modern complex in Gubakha, its price is 116 billion rubles: “the objects are incommensurable in quality and cost terms.” The defendant drew attention to the statute of limitations: the prosecutor’s office had the opportunity to declare the illegality of “privatization” from 1994 to the 2000s. “The state has been saying for 30 years that everything is fine. Well, you can’t say after 30 years that the cow has fed up the bull,” the defender of the Metaholding company concluded his speech.

NOOO YOU CAN’T JUST SEIZE THE PLANT THAT I BOUGHT OFF CHEAP WHEN THE USSR FELL, YOU NEVER SAID IT WAS ILLEGAL BEFORE AND NOW THAT IT’S VALUED AT HUNDREDS OF BILLIONS OF RUBLES, YOU JUST CAME IN AND TOOK IT AWAY!!!

The Federal Property Management Agency became the owner of 100% of Volzhsky Orgsintez, September 21, 2023 (Volzhsky Orgsintez is one of the largest chemical factories in Europe)

Information about the new owner was entered on September 20. Previously, 100% of the shares of Volzhsky Orgsintez belonged to Alexander Sobolevsky.

In August, the Arbitration Court of the Volgograd Region satisfied the claim of the Prosecutor General's Office against Sobolevsky to claim 100% of the company's shares in favor of the state. In favor of the state, ordinary shares of the joint-stock company with a par value of 0.2 rubles each in the amount of 2,344,925 were to be credited.

The contract for the sale of the bankrupt Perm defense plant was terminated, August 22, 2023

The agreement was concluded on May 22, 2023, the transaction amount was 725 million rubles. The new owner of the defense enterprise announced plans to modernize the plant's production . The Ministry of Industry and Trade of the Russian Federation challenged the results of the auction by filing a corresponding application with the court as part of the bankruptcy case. The courts of first and appellate instances rejected the claims. As a result, the contract between the defense plant and the Moscow company was terminated pre-trial.

Concern "Pokrovsky" confiscated for corruption proceeds of its beneficiary, October 25, 2023

At the suit of Deputy Prosecutor General of the Russian Federation Igor Tkachev, the property of Andrei Korovayko, Arkady Chebanov, as well as related structures of the Pokrovsky concern, one of the large agro-industrial holdings in Russia, was confiscated. In total, 94 enterprises with a total value of 100 billion rubles were donated to the state. The case concerns shares and shares of JSC Concern Pokrovsky, agricultural firms Rus, Dolzhanskaya, Urozhaynaya, Rassvet, Mostovskaya, Rodina, the Kanevskoy meat and poultry plant, and the Pavlovsky meat processing plant. and "Tikhoretsky", Kanevsky, Timashevsky and Kurganinsky sugar factories, Albashsky, Stepnyansky and Staroshcherbinovsky elevators, as well as numerous trading and service companies.

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At first I thought this smells like election season, but the weird part is that none of these moves were advertised loudly. Dozens of news like these are silently happening in the background.

Russia is such a weird country. It’s almost as if two separate factions are running the country.

You have on the one side the willingness to nationalize industries under state control, and on the other side you have the libs preparing for privatization of state assets to patch up the budget deficit.

You have a government that is willing to spend a huge amount of money to keep the economy going, and on the other side you have the Ministry of Finance and the Central Bank that doing everything they can to reverse all these efforts by raising interest rates at the snap of a finger.

It’s such a weird country I don’t even know what’s going on anymore.