Russian Prosecutor Labels U.S. Fund NCH Capital as Extremist, Seeks Asset Seizure
Russia's prosecutor general has classified NCH Capital, a U.S. fund with significant agricultural investments in Russia, as extremist. A lawsuit has been filed in a Moscow court to halt the fund's operations and seize its assets. NCH Capital, managed by New York-based NCH Agribusiness Partners, owns AgroTerra, a major agricultural landholder in Russia. This move follows a decree by Russian President Vladimir Putin in April 2024, placing AgroTerra under temporary state management. The lawsuit also targets NCH Capital's founders, George Rohr and Moris Tabacinic. The Russian state has reportedly seized or managed assets worth approximately $50 billion since the Ukraine conflict began, often citing extremism as justification. NCH Capital, which also holds substantial assets in Ukraine, has stated it has no intention to sell AgroTerra. 
