A large redistribution of foreign assets enriched billionaires close to Putin.

War helps to extract benefits from connections with power, says a new report from Transparency International, “Corruption Causes and Consequences of Russia’s Invasion in Ukraine.” According to the Russian Union of Industrialists, sales of assets go with a discount of +50%.

Vladimir Potanin got Rosbank from the French Societe General. Tinkov’s share in Tinkoff Bank went to Potanin for “3%” of its real market value.

Leonid Mikhelson Novatek got a share of the French TotalEnergies in Terneftegaz and a share of British Shell in Sakhalin-2.

Vagit Alekperov. Lukoil got a network of 411 Shell gas stations and an oil plant in Torzhok.

The OBI chain fell into the hands of Kadyrov’s entourage - Valid Korchagin and
Arsen Kanokov. Starbucks also went to Korchagin.

Kadyrov’s nephew Ibrahim Zakriev became the CEO of Danone .

Kanokov and Kadyrov’s people also got McDonald’s assets, writes
“Project(Проект)”

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