Russia begins to see rich oligarchs fortunes as a source for funding war effort

 ISW:

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Russian siloviki may be setting information conditions to justify the nationalization of oligarchs' resources to sponsor Russia’s war effort. Wagner financier Yeveniy Prigozhin attended the funeral of a deceased Wagner Group mercenary in St. Petersburg on December 24, where he stated that Russia needs to confiscate luxury possessions and accommodations from elites who ignore or do not support the war effort out of fear of losing their privileged lifestyles.[7] Prigozhin added that these affluent individuals support a vision where ”Western curators” dominate Russia in return for the sponsorship of their lifestyles and compared today’s Russian oligarchy to Ukraine’s or to 1990s Russia. Prigozhin ignited a scandal regarding the burial of the Wagner serviceman in recent weeks to push his political objectives — such as the legalization of Wagner in Russia — and his statements advocating redistribution of wealth at the funeral gained significant traction on the Russian internet.[8] Wagner-affiliated milbloggers widely supported Prigozhin’s criticism of Russian officials and praised his support for the war effort.[9] Prigozhin may be using such populist proposals to elevate his authority in Russian society or influence a return of stricter nationalization measures.

Russian President Vladimir Putin also indirectly attacked Russian oligarchs on December 22, however, stating that Russians who drain Russia’s money from abroad and do not have a connection with the country “represent a danger” to Russia.[10] Putin claimed that while the vast majority of Russian businessmen are patriots, there are some who do not share the sentiment. Putin concluded that "everyone strives not only to stay, to live and work in Russia but to work for the benefit of our country.” Putin previously nationalized big businesses in the early 2000s to consolidate his authoritarian kleptocracy and may be attempting leverage nationalization to coerce elites to support his war in Ukraine or seize their property to fund military expenses.[11]

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It is unclear how much this would help the war effort.  The West has already been seizing the assets of the oligarchs in response to the Russian aggression in Ukraine.  Expensive yachts and other assets have been targeted by many European governments.  

The bigger story maybe the scrambling for funds to continue the war.  Russia has been burning through its inventory of weapons at an unsustainable pace and has had to buy weapons from Iran and North Korea to continue operations.  It suggests that the sanctions on Russia are having a significant impact on the Russian economy and war effort.