Russia. The court extended the arrest for the Russian oligarch Wadim Moszkowicz

57-year-old Moszkowicz is 55. The richest businessman in Russia and a former member of the Russian parliament in 2006-2014. At the end of March this year. He was detained together with the former CEO of Rusagro Maksim Basow on a large -scale fraud.

According to the TASS agency, the allegations against Moszkowicz concern the purchase transaction of 85 percent. shares in Solnechnno products from its founder, in exchange for an investment, which was ultimately not implemented. On Tuesday, the Russian media reported that Moszkowicz was also charged with bribery.

According to Forbes magazine, Moszkowicz has a assets worth $ 2.9 billion.

“His arrest caused anxiety among investors. On March 26, Rusagro shares on the Moscow stock exchange fell by 19.5 percent and have not regained their value so far. This matter is part of Moscow's broader actions aimed at increasing control of strategic assets,” Reuters said.

From Russia's invasion Ukraine In February 2022, foreign companies are afraid that their property in Russia may be taken over by the state. Moscow claims that he must control important companies and resources to ensure the stability and security of the country, which is why he is increasingly taking over the Russians.

Last year, the Ministry of Agriculture forced Rusagro the only large Russian agricultural company listed on the stock exchange, which is a leading producer of sugar, meat, oils and fats to transfer its headquarters with Cyprus to Russia.

“As part of other lawsuits, Russia has accelerated this year the takeover of domestic assets, such as the Moscow Domodiedowo airport, strategic warehouses and a zinc and lead manufacturer, which were handed over to the state,” Reuters explained.