In a significant move, Russian authorities have confiscated assets valued at 550 billion rubles ($7.59 billion) previously belonging to jailed billionaire Vadim Moshkovich. Moshkovich, the founder of agricultural giant Rusagro, has been in pre-trial detention since March of the previous year, with former Rusagro CEO Maxim Basov also arrested in connection with the case. This action marks what appears to be the largest asset seizure in Russia’s recent trend of nationalizations, a campaign that has already brought an estimated 6.5 trillion rubles ($89.7 billion) in private assets under state control, particularly since the invasion of Ukraine. The Interior Ministry confirmed the completion of its investigation into Moshkovich, with all seized property now transferred to state revenue, following a court order in May to nationalize Rusagro, a major producer of pork and sugar.
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President Trump has advocated for the federal government to “nationalize” the election process, asserting that states are too corrupt to manage elections honestly and that the federal government should intervene. This push comes as the Republican Party faces a slim majority and approaching midterm elections, with Trump expressing a desire for Republicans to “take over” voting procedures in several states. He further stated his intent to implement voter ID requirements for the midterms, regardless of congressional approval, and expressed a belief that Democrats facilitate cheating through lax voting laws.
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President Donald Trump has advocated for the “nationalization of voting,” proposing that the Republican Party should assume control over election administration from individual states. This suggestion stems from Trump’s continued promotion of unsubstantiated claims regarding widespread voter fraud, particularly alleging that undocumented immigrants are brought into the country to cast illegal votes. He asserted that states he believes he won were falsely reported as losses and pointed to ongoing investigations in Georgia as potential evidence, despite losing the 2020 election in both national and state results. Critics highlight that Trump lacks the constitutional authority to federalize elections, viewing his remarks as desperate attempts to incite fear and a direct threat to democratic processes, especially as some Republicans in Congress are pursuing legislation with significant voting restrictions.
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John Q. Hosedrinker