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Russian billionaires warn Putin that rapid asset seizures threaten property rights and stability.
Russian business leaders, including billionaires, delivered a formal letter to President Putin expressing alarm over the nationalization of over 4 trillion rubles in private assets since 2022, citing unchecked court rulings that allow seizures under vague justifications like violations of "intangible rights."
Despite earlier promises not to reverse 1990s privatizations, the pace of state takeovers has accelerated, affecting major firms and infrastructure.
The business community, led by Alexander Shokhin, demands clear legal safeguards and fair compensation to prevent arbitrary confiscations, warning that ongoing expropriations threaten property rights and could fuel internal unrest.
Los multimillonarios rusos advierten a Putin que las rápidas confiscaciones de activos amenazan los derechos de propiedad y la estabilidad.