State Seizes Control Of Rusagro Shares

A Russian court has transferred the controlling stake of Rusagro, owned by Vadim Mashkovets, to the state. A Russian court partially granted a lawsuit to seize assets belonging to RusAgro founder and former senator Vadim Mashkovich in a corruption case. The state has taken control of 65% of RusAgro shares. Additionally, 10.5 billion rubles held in Mashkovich's accounts were confiscated. Despite the seizure, RusAgro shares saw an increase on the Moscow Exchange on Tuesday. Mashkovich, the founder of Rusagro, was detained and arrested over a year ago following initial fraud allegations. The Prosecutor General's Office later identified corruption components in the case. Approximately 20% of Rusagro shares are traded on the Moscow Exchange. Shares of the holding company rose nearly 3.5% following reports that the controlled stake would transition to the state. Former Economy Minister Andrey Nichayev stated that the seizure indicates an intensifying redistribution of property. The company's shares began trading on the Moscow Exchange in 2025. Assets will temporarily be managed by Rosimushchestvo, though Nichayev noted the agency is unable to effectively manage them.