Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia

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Emboldened Kremlin Steps Up Efforts to Seize Businesses in Russia

After the fall of Communism, Russia ushered in capitalism by selling off billions of dollars in state assets. Now, 30 years later, the Russian government is stepping up a wartime campaign to do the opposite: seizing private businesses, this time in the name of national security. In the last month, courts have ordered Russia’s largest warehouse owner to be taken over by the state and also directed the nationalization of a major grain exporter. An…