Rosselkhozbank takes over Rusagro management after company’s nationalization

Rusagro, one of Russia’s largest agricultural holdings, has come under the management of RSKhB-Finance, a subsidiary of Rosselkhozbank, following the formal registration of the transfer on May 28, 2026, according to Interfax.

The management shift follows a decision by Moscow’s Khamovnichesky District Court on May 5, which granted a request from the Deputy Prosecutor General to transfer more than half of PJSC Rusagro Group’s shares to the state. The ruling concerned 469,702,161 ordinary shares registered to company founder and former senator Vadim Moshkovich, which the court ordered to be forfeited.

The action was taken as part of a lawsuit involving Moshkovich, former CEO Maxim Basov, and other defendants. The court stated that the shares were to be transferred to state ownership as part of the legal proceedings.

Rusagro operates across 15 Russian regions and ranks among the country’s major vertically integrated agricultural producers. Its assets include nine sugar refineries, six oil extraction plants, six fats and oils production facilities, 46 pig-breeding complexes, and four meat-processing plants. The company’s land bank totals 826,000 hectares, placing it fourth nationwide.

The group reported revenue of 396.5 billion rubles in 2025 ($4.41 billion), up from 340 billion rubles in 2024 ($3.78 billion).