Russian court grants 11.9 billion ruble claim against former Rosnano executives, including Anatoly Chubais

A Russian court has granted Rosnano's claim for 11.9 billion rubles against former executives of the state nanotechnology corporation, including its former head Anatoly Chubais, according to Interfax, which cited the court's press service. The lawsuit, filed in December 2025, aimed to recover losses tied to the Crocus project.

The claim alleged that investments in the project were used to create and finance project companies on terms unfavorable to Rosnano and contrary to the corporation's objectives. The Crocus project was intended to build a plant for manufacturing magnetoresistive random-access memory (MRAM). Rosnano and a number of funds invested approximately $55 million into the charter capital of a company set up for this purpose.

Total investment in the MRAM production project exceeded 200 million euros, including 100 million euros co-financed by Rosnano. In May 2026, Chubais published a statement characterizing the criminal prosecution of Rosnano's executives as "repression" and "a mockery of the law." The corporation has already filed several lawsuits against Chubais and his former colleagues.

Chubais led Rosnano from 2008, resigned in December 2020, and left Russia in March 2022. After his departure, Russian President Vladimir Putin said that a "massive financial hole" had been discovered in the nanotechnology structure that Chubais had headed for many years.