Russian investor Alexander Galitsky flees Russia after court seizes 8 billion roubles in assets

Russian investor Alexander Galitsky has left Russia following a Moscow court ruling that confiscated approximately 8 billion roubles worth of his assets. The court also declared his fund an 'extremist organisation'. The development came to light during an appeal hearing at the Moscow City Court.

Russian investor and businessman [Alexander Galitsky](/politicians/alexander-galitsky) has fled Russia after a court ordered the seizure of his assets worth approximately 8 billion roubles. A prosecutor's representative disclosed Galitsky's departure during proceedings at the Moscow City Court, where the businessman's appeal was being heard.

The court not only confiscated Galitsky's property but also declared his fund an "extremist organisation" — a designation increasingly used by Russian authorities against individuals and groups perceived as opposing the Kremlin. The asset seizure and the extremism label represent some of the most severe legal tools available under Russian law.

Galitsky's departure follows a pattern seen among other prominent Russian businesspeople and public figures who have left the country since 2022, often facing legal pressure, asset freezes, or criminal charges. His case adds to a growing list of high-profile exits from Russia's business community amid the ongoing war in Ukraine and tightening domestic repression.