Russia Targets U.S. Agriculture Fund in Extremism Lawsuit

Russia's prosecutor general sued NCH Capital, a U.S.-owned agriculture fund, labeling it extremist and seeking asset seizure through a Moscow court. The legal move follows reports of state asset confiscations amid charges of extremism. NCH Capital holds substantial agricultural assets in Russia and Ukraine.

In a significant legal action, Russia's prosecutor general has branded the U.S.-owned NCH Capital extremist, filing a lawsuit in a Moscow court and calling for its operations to cease and assets to be seized. This move highlights rising tensions over foreign agricultural investments in Russia.

Andrei Kostin, CEO of VTB, Russia's second-largest bank, has revealed interest in acquiring NCH's assets. Such lawsuits are criticized for being a cover for state asset seizures, a trend bolstered by NSP's report of $50 billion in assets confiscated, often under accusations of extremism.

Many targeted entities have Ukrainian links, including former Ukrainian President Petro Poroshenko. Yet, NCH Capital has refused to sell its Russian investments, such as AgroTerra. As Russia tightens its grip on foreign-owned assets, the geopolitical and financial stakes continue to soar.