A Moscow arbitration court has partially granted Rosnano’s lawsuit seeking damages from former chief executive Anatoly Chubais and several other ex-managers at the state nanotechnology company.
The suit, filed March 31, 2025, centers on losses Rosnano sustained through the Plastic Logic project, which aimed to produce a flexible tablet computer for schoolchildren as a lightweight alternative to heavy textbooks. A manufacturing plant was planned for Zelenograd, the Russian business outlet RBC reported. The plant was never built, the product never reached the market, and a significant portion of the investment was channeled to foreign entities.
Rosnano sought to hold accountable those who made the financing decisions, demanding that Chubais and seven other defendants pay 3.89 billion rubles and $20.45 million in damages. The hearings were held behind closed doors.
In April 2025, the court froze the accounts and assets of all eight defendants as a precautionary measure, to a combined value of 5.6 billion rubles.
“The truth is on our side. We will keep fighting,” Chubais’s lawyer Pavel Khlyustov told RBC.
In December 2025, Rosnano filed another lawsuit against Chubais and other former top managers, seeking 11.9 billion rubles in damages related to the Crocus project. The suit alleged that investments directed into the project were used to create and fund project companies on terms unfavorable to Rosnano and contrary to the company’s stated objectives.
Chubais led Rosnano for 12 years, from 2008, before resigning in December 2020. He left Russia in March 2022. After his departure, Vladimir Putin referred to him as “some kind of Moshe Izrailevich” and said that “a massive financial hole” had been discovered in the nanotechnology organization Chubais had led for many years.
At Meduza, we are committed to transparency about our use of artificial intelligence in the newsroom. The story you’re reading was written by one of our living, breathing journalists and translated from Russian using an AI model configured to follow our strict editorial standards. This translation process is the result of extensive testing and refinements to ensure our English-language coverage is timely and accurate. A Meduza editor reviews every draft before publication.
If you find any errors in this translation, please contact us at [email protected].
To read Meduza’s exclusive content in English, please subscribe to our newsletter.
