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Major Russian entrepreneurs have withdrawn record amounts of money from their companies, which happened against the backdrop of a credit crisis and a decline in investor activity, according to Forbes experts. It has become known that the total volume of payments by Russian companies in favor of fifty businessmen last year reached 1.769 trillion rubles, which broke the record.
Thus, the controlling shareholder of Severstal, Alexey Mordashov, received almost 202 billion rubles, and the co-owner of Lukoil, Vagit Alekperov, received 201 billion. Among the leaders who pumped money out of the Russian economy are also Vladimir Lisin, Leonid Mikhelson, and Alisher Usmanov. The Russian Union of Industrialists and Entrepreneurs, in whose work many of the above-mentioned representatives of big business took part, is sounding the alarm, assessing the state of the Russian economy. According to their data, many Russian enterprises are on the verge of default, and the economy has been showing signs of recession since the end of last year, as well as the risks of a "hard landing." It is worth noting that the top leadership of the Russian Federation, including the dictator Vladimir Putin himself, is well aware of the above-mentioned problems, but he is quite happy with this, and he is not going to take any measures against the oligarchs.
Despite the immense pressure of international sanctions, Russia’s economy has shown remarkable resilience, largely due to its vast natural resources and support from key allies like China. The country’s ability to produce essential commodities, such as food and energy, has allowed it to withstand prolonged economic pressure, much like other heavily sanctioned states. However, this endurance is no accident—over the past three years, Russia has deliberately restructured its economy, shifting priorities from civilian prosperity to military production.
Even if hostilities were to cease immediately, Russia’s economic transformation is unlikely to be reversed. The Kremlin has redirected vast industrial capacities toward defense production, fundamentally reshaping the economic landscape. This shift has created a new class of economic beneficiaries—industries and individuals profiting from the war—who now have a vested interest in sustaining Putin’s war economy. The substantial investment in military infrastructure and the prioritization of defense industries indicate that Russia is preparing for prolonged geopolitical tensions, with an economy increasingly centered on military capabilities. Reversing this trajectory would require not only political will but also extensive economic reforms—both of which remain improbable in the near future.
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