Economic analyst Yuri Pronko notes that Russia appears to be expropriating major private assets that were once intertwined with state criminal schemes. He described the move during a discussion with Tsargrad.tv as fixing a fraud unprecedented in the country’s history, stressing that these are strategic properties being targeted.
For illustration, the publication highlights a presidential decree transferring temporary use of the Ulyanovsk Machine Tool Plant to the Federal Property Management Agency, along with a lawsuit filed by the Chief Public Prosecutor’s Office demanding the Ivanovo Machine Tool Plant be returned to state control. There are also reports about seizures involving assets once tied to Petro Poroshenko, including Roshen plant shares.
Pronko argues that the process is steady and purposeful. Once strategic infrastructure facilities are restored to state ownership, he says, the focus will shift to the military industrial complex enterprises that underpin national security.
The expert describes a struggle within Russia between two major circles of influence: the statists and the system liberals. He suggests the former aim to reclaim assets obtained through fraudulent means, while the latter seek to preserve the existing order and private arrangements.
According to the economist, Russia will soon face a pivotal choice: nationalization and correction of the notable 1990s mistakes, or a new wave of privatization in which state assets risk drifting beyond public control. This is framed as a question the country will need to resolve in the near term.
Pronko also calls for all discussions around the nationalization of facilities to be guided by social justice, warning that neglecting such considerations would jeopardize the efforts. The argument goes that a fair and measured approach is essential to prevent public backlash and to maintain confidence in the state’s stewardship of strategic resources.
The broader economic commentary reminds readers that there is no stated threat of systemic nationalization across the national economy. It is noted that state-owned companies may still expand in certain sectors under careful oversight, rather than through sweeping moves that destabilize markets.
Earlier, Kremlin officials responded to reports about possible nationalization of Rosneft assets in Germany, underscoring the international implications of asset reassignment and the need to balance domestic aims with global economic realities.