Maxim Alekseyev tells RBC why Russian multi-millionaires opt for private foundations

On June 24, 2025 RBC published an article «Why do Russian multi-millionaires “pack” assets in private foundations».

In the release concerning the increasing popularity of private foundations among Russian high net worth individuals Maxim Alekseyev, Senior Partner at ALRUD law firm, commented on the key reasons of this trend and pointed out the main limitations and restrictions of the new instrument.

According to Maxim Alekseyev, private foundations are becoming increasingly popular among major owners due to opportunities to structure inheritance, ensure assets security and increase ownership confidentiality. The Senior Partner emphasized that over the last years the number of private foundations established in Russia has come closer to 300, and this instrument gradually becomes a part of standard wealth management strategies.

Interest in private foundations will barely grow and the experience of their use in Russia will be shaped in terms of new economic and legal reality.