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In the early 1990s, Mutsoev moved to Moscow. From 1991 to 1993, he was the director of the Moscow branch of the Association for Foreign Economic Relations of Small and Medium Enterprises, which was engaged in supplying of goods in the USSR. In 1998, Mutsoev engaged in business and became a co-owner of the Pervouralsk New Pipe Plant.[3] In December 1999, he was elected deputy of the 3rd State Duma. In 2003 and 2007, he was re-elected for the 4th and 5th State Dumas. In the 2011 election, the United Russia list lost 77 seats, putting Mutsoev out of parliament. However, in May of 2012 Deputy Ekaterina Semenova [ru], also of United Russia, resigned her seat to join the Moscow Oblast government, and the Central Election Commission approved the transfer of her mandate to Mutsoev on 20 June the same year.[4]
In 2008, the owners of the hotel "Rus" in Kyiv accused Mutsoev of illegally taking their property. Even though he rejected all the accusations, later the documents were revealed that proved the involvement of the Mutsoev family in the raider seizure of the Ukrainian hotel.[6]
In 2016, he took 86th place in the Forbes ranking of 200 wealthiest businessmen in Russia.[7]