Another Russian oligarch is facing asset seizure. After the loss of Domodedovo Airport by oligarch Dmitry Kamenshchik — driven in part by his Turkish citizenship — Russian state prosecutors have now opened an asset-seizure case against Vadim Moshkovich, founder and largest shareholder of Rusagro, one of Russia's biggest agricultural companies. The Russian news agency RBC reported the move: the Deputy Prosecutor General filed the initial petition at Moscow's Khamovnichesky District Court, with a preliminary hearing scheduled for Monday.
Moshkovich, who founded Rusagro in 2004, has an estimated net worth of $2.9 billion and was the first Forbes-listed billionaire arrested after Russia's invasion of Ukraine. He is currently being held in a Moscow prison and is under EU sanctions. Initially charged with large-scale fraud and abuse of office, prosecutors have since added bribery charges. The petition lists Moshkovich's wife, the former CEO of Rusagro and a former investor-relations head as defendants, with two corporate entities co-defendants. Moshkovich was sanctioned by the EU in February 2022 for attending a Kremlin meeting between Putin and senior business leaders on the day of the invasion; he stepped down as Rusagro chairman shortly after and reduced his controlling stake below 50%.
The Turkish connection makes the case critical for Turkish business. Moshkovich's Rusagro formed a joint venture in February 2026 with Diyarbakır-based businessman Bedirhan Sarıkurt. An asset-seizure ruling could touch Rusagro's corporate structure and shareholdings indirectly, putting the newly formed JV at operational and legal risk. Rusagro is Russia's largest publicly listed agricultural company, running a vertically integrated supply chain across pork, sugar, oilseed and dairy.
From a supply chain perspective, any state intervention in Rusagro's ownership creates contract-continuity risk in agricultural raw-material supply, particularly in oilseed and sugar. The Sarıkurt JV had opened a new channel for Türkiye-Russia agri trade; the case's outcome will determine whether that channel functions. The string of post-invasion oligarch asset seizures (Domodedovo, Rusagro, etc.) underlines Moscow's ongoing "internal nationalization" playbook — a pattern that destabilizes foreign-partnership structures and limits Turkish appetite for joint ventures with Russian-shareholder companies.
Key Takeaways:
1. RBC: Russian state prosecutors filed an asset-seizure case against Rusagro founder Vadim Moshkovich at Moscow's Khamovnichesky District Court; preliminary hearing Monday.
2. Moshkovich (net worth ~$2.9 billion) was the first Forbes-listed billionaire arrested after the Ukraine invasion; under EU sanctions and currently in prison.
3. The petition names Moshkovich's wife, the former Rusagro CEO and a former investor-relations head as defendants, with two corporate entities as co-defendants.
4. Türkiye link: Rusagro formed a JV in February 2026 with Diyarbakır businessman Bedirhan Sarıkurt — the new JV is now exposed to operational and legal risk.
5. Domodedovo (Kamenshchik) and Rusagro (Moshkovich) underline Moscow's 'internal nationalization' pattern, narrowing Turkish business appetite for Russian-shareholder structures.
