INSUBCONTINENT EXCLUSIVE:
controlled by billionaire Konstantin Strukov, the deputy chairman of the Chelyabinsk regional legislative assembly and a member of the
region.Prosecutors allege that Strukov used his government position to illegally acquire control of Yuzhuralzoloto, which he had headed
Companies (YUGK), and transferred ownership to close associates and his daughter Alexandra Strukova, who holds Swiss citizenship.While
Yuzhnouralzoloto reported 25 billion rubles (around $320 million) in revenue from producing 10.6 metric tons of gold last year, it also
posted a net loss of 7.2 billion rubles ($90 million).A source cited by the RBC news website said Wednesday's FSB raids stemmed from
allegations of environmental violations and unsafe industrial practices, particularly at mining sites in the Plastovsky and Etkulsky
trend in Russia as authorities seek to reassert state control over lucrative industries, especially those tied to natural resources
The move comes amid a post-invasion economic shift triggered by sweeping Western sanctions and a ballooning federal deficit.In a March
report to President Vladimir Putin, Prosecutor General Igor Krasnov said companies already nationalized were valued at 2.4 trillion rubles
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