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Aleksandr Khodakovsky , a field commander of the "DPR" militants and now head of the Russian National Guard in occupied Donetsk, issued a statement: Russian oligarchs are ordering Ukrainian drone operators to carry out strikes on the enterprises of their Russian competitors, as well as competitors in the ORDLO. According to him, this is precisely why almost all metallurgy in the occupied Donbass has stopped, and the captured Ilyich Iron and Steel Works in Mariupol has never been relaunched. "Information has leaked that the enemy is ready to offer a new service: to strike any target with drones upon your request. This primarily concerns industrial facilities, as they are easier to cause irreparable damage to," Khodakovsky writes. According to him, "stable shadow contacts remain, and if you know who to contact, you can ‘order’ your competitor from Russia." According to his theory, "someone is quietly making an offer at a reasonable price," and "drones begin flying into a huge enterprise until they disable critical components." Recall, the war against Ukraine has been a cold shower for Russia’s billionaires. People used to dividing their time between Moscow, London, and the Côte d’Azur lost access to their Western assets, and their yachts, villas, companies, and bank accounts were at risk of being frozen or seized. At home, the rules of the game have also changed dramatically: the Kremlin increasingly expects big business to support the war and cut ties with “unfriendly countries” as part of its mandatory corporate social responsibility. Otherwise, its beneficiaries risk losing their freedom, their assets, or both. Caught between problems in Russia and the West, Forbes Russia list figures are resorting to a variety of survival strategies. The end result will be the disappearance of oligarchs from Russia once and for all.
The number of Russian billionaires who have openly condemned their country’s invasion of Ukraine can be counted on one hand. By far the most uncompromising example is Oleg Tinkov, who sold his banking business for far less than it was worth, left the country, and renounced his Russian citizenship. Even Pavel Durov, despite having left Russia back in 2014 after losing control of the VKontakte social network that he founded, has never directly condemned the war, limiting himself to calling it a “tragic conflict.”
However, experience has shown that in today’s Russia, businessmen don’t necessarily need to vocally condemn the war for the authorities to take an interest in their assets and accuse them of supporting Ukraine. Vodka magnate Yuri Shefler and Denis Shtengelov, owner of the food holding company KDV Group, have both long lived abroad and avoided making public statements on the war, yet they still lost their Russian businesses in the nationalization campaign driven by the Prosecutor General’s Office. Their Russian companies were designated “extremist organizations” for allegedly assisting the Ukrainian armed forces.
In Shefler’s case, the accusations likely relate to a Latvian company that donated part of its proceeds from the sale of a limited edition vodka to help Ukraine. Shtengelov, meanwhile, allegedly supplied food to Ukrainian militias and funneled money to hostile jurisdictions. The businessman himself denied taking any position on the matter, but that did not protect his business from confiscation. Another major business to have been nationalized is Moscow’s Domodedovo Airport. Shareholder Dmitry Kamenshchik had made no statements about the war, and there is no public information about him having been involved in assisting Ukraine. But there are other factors at play: the asset’s strategic importance, the billionaire’s foreign citizenship, and the apparent interest in the airport of Arkady Rotenberg, a childhood friend and close associate of Russian President Vladimir Putin. Some Russian billionaires still hold assets in Europe: a powerful incentive to keep quiet unless absolutely necessary. Furthermore, many are in the process of attempting to get sanctions against them lifted through the courts. Such oligarchs want the war with Ukraine to end as soon as possible.
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