Squeezing the elites
Under the guise of ‘anti-corruption’, the Kremlin is using a new wave of property seizures to bring officials to heel
In the fifth year of Russia’s full-scale invasion of Ukraine, Russian law enforcement has become far more aggressive about seizing money and property from officials, lawmakers, security officers, judges, and their relatives and associates. According to Novaya Gazeta Europe’s calculations, law enforcement agencies seized assets worth 951 billion rubles (€12.6 billion) in 2025 — six times more than the year before — and another 366 billion rubles (€4.1 billion) in the first half of 2026 alone. Novaya Europe explains why the Kremlin decided to launch a new “anti-corruption campaign”, how it works, and who it’s hit hardest.
“The old elites, who have been with Putin for more than a quarter century, are either dying off or are no longer capable of playing the role they once played. [Former defence minister and Security Council member] Sergey Ivanov just died, and two chairs of the Supreme Court died, more or less, right in their offices. New, hungry elites have emerged. But there isn’t any more property to go around. So it becomes necessary to take back what was handed out for old services rendered.