The court declared Alexander Galitsky's Almaz Capital fund an “extremist organization” and seized assets worth 8 billion rubles.
In Russia, investor Alexander Galitsky, whom the media has described as a longtime acquaintance of Prime Minister Mikhail Mishustin, and his venture capital fund, Almaz Capital Partners, have been designated an “extremist organization.”
The court banned the foundation's activities and ordered the seizure of the businessman's assets, valued at approximately 8 billion rubles, for the benefit of the state. He was accused of allegedly interacting with the United24 platform through the foundation's entities.
Galitsky himself claims the fund invested only in civilian projects, and that participation in military developments is prohibited by internal regulations. His defense also claims the businessman long ago withdrew from operational management. Meanwhile, the prosecutor's office believes that after 2014, the fund supported Western sanctions, ceased investing in Russia, and began transferring capital abroad.
According to media reports, Galitsky's companies previously received contracts from the Federal Tax Service during Mishustin's tenure as its head. Amid criminal cases against his acquaintances, experts are reporting growing pressure from law enforcement agencies on the prime minister's inner circle.
