May 5, 2026
Moscow court transfers majority stake in Russian agribusiness giant to the state
A Moscow court has transferred to the state more than half the shares of Rusagro, placing the company under state control, the Russian news agency Interfax reported on May 5. The ruling came as part of a lawsuit against the company’s founder, former senator Vadim Moshkovich, and other co-defendants.
TL;DR
- A Moscow court has transferred more than half of Rusagro's shares to the state.
- The ruling includes the seizure of 65% of Rusagro's shares, foreign currency, and over 10.5 billion rubles in frozen funds.
- The lawsuit is against Rusagro's founder, former senator Vadim Moshkovich, for alleged corruption violations.
- Moshkovich is accused of running a business while serving as a senator and using his official position for Rusagro's benefit.
- Vadim Moshkovich is one of Russia's wealthiest individuals, with an estimated net worth of $2.9 billion.
- Moshkovich has been arrested since March 2025 on charges including fraud, abuse of authority, and bribery.