Investor Alexander Galitsky left Russia two days after a court ordered the seizure of eight billion rubles in assets, a prosecutor’s representative disclosed at the Moscow City Court during a hearing on the businessman’s appeal.
Galitsky crossed from Russia into Belarus on a Dutch passport, the prosecutor said — two days after the court issued its ruling.
Moscow’s Tverskoy District Court declared Galitsky and his venture fund Almaz Capital Partners an “extremist organization” on March 23. He was accused of supporting Ukraine’s Armed Forces.
Galitsky said his fund had never invested in weapons production and sought a settlement, but the Prosecutor General’s Office refused.
Galitsky’s assets and those of persons associated with him were transferred to the state. Among them, the car sales platform Carprice was effectively nationalized as part of the case and handed over to Rostec.
On May 26, the Moscow City Court upheld the Tverskoy District Court’s ruling.
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