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Russia labels Galitsky and Almaz Capital "extremist group," seizes $90M assets
9 articles |
Updated 1d ago |
Created 2d ago
On March 23, a Russian court officially designated businessman Alexander Galicsy's company Almaz Capital Partners as an extremist organization while seizing his property worth approximately eight billion rubles (around nine million USD) in state revenue due to alleged assistance provided by the Armed Forces of Ukraine during their war against Russia.
Key Points
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1Russian courts have officially recognized Alexander Galitsky and his Almaz Capital Partners fund as an extremist organization.
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2The court seized property worth approximately $103 million (8 billion rubles) from the former Alfa-Bank board member in state assets due to alleged assistance provided to Ukrainian forces, specifically referencing 'help for VU' or support of military units. The specific phrase used is ambiguous but implies aid related to armed conflict.
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3Galitsky's legal team claims that a case was fabricated against him during the proceedings.
Developments
[Mar 23, 14:32]
Court recognized Galicsy and Almaz Capital Partners as an extremist organization; court did not summon a doctor to assist with health issues during the session.
[Mar 23, 14:30] (approx based on duplicate entries)
Court seized property worth $8 billion from Galitsky in state assets for 'helping VU' or supporting military units. The specific phrase used is ambiguous but implies aid related to armed conflict.