Putin Eyes Oligarch Cash as War Pressure Grows, Hinting at Asset Nationalization

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Source: Institute for the Study of War
Putin Eyes Oligarch Cash as War Pressure Grows, Hinting at Asset Nationalization
Photo: Institute for the Study of War
TL;DR

ISW reports Putin privately pressed Russia’s top businessmen to fund the state to stabilize finances for continuing the war, with hints of asset nationalization; Kremlin officials deny a direct fundraising request and say it was a personal decision, while attendees felt a sense of duty. Separately, Ukraine and Saudi Arabia signed a defense cooperation pact; Ukrainian strikes hit Russian oil infrastructure near the Baltic Sea; Latvia warned of Russian cognitive warfare against the Baltic states. On the battlefield, no confirmed ground advances were reported on March 27, as Russia and Ukraine continued long-range strikes and Russia conducted a large drone campaign (about 102 drones launched, roughly 93 downed).

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