Jul 3, 2025 4:54 PM IST
US Stock Market LIVE Updates: Russia to Seize Top Gold Miner From Billionaire, Tass Reports
Russia is seeking to seize assets from the family of a billionaire who owns one of the country’s largest gold miners.
The Prosecutor General’s Office wants to nationalise assets owned by Konstantin Strukov’s family and his close associates, including the stake in Yuzhuralzoloto PJSC, Russia’s fourth biggest gold miner, according to the state-run Tass news service, which cited a person it didn’t identify in the prosecutor’s office.
Strukov, 66, is suspected of illegally controlling the assets while holding public office, in violation of Russian law. Security forces earlier this week raided Yuzhuralzoloto’s headquarters in the Ural Mountains city of Chelyabinsk, RBC reported.
The Soviet District Court in the city scheduled a hearing on the Prosecutor General’s claim for July 8, the Interfax news service reported Thursday, citing the court’s press service.