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13M Euros in French Real Estate Seized From Berezovsky

The Moscow Times

... when authorities accused him and four associates of stealing more than $700 million from Sovkomflot. Authorities have seized property from Berezovsky before. In February of last year, Russian prosecutors said that at its request, France arrested two yachts worth a combined $20 million and other valuables, including paintings, owned by the tycoon and former Kremlin kingmaker. At the time, Berezovsky denied ownership of the yachts. And in 2007, French authorities seized a $20 million villa from Berezovsky...

Entrepreneur Brings Holidays on Wheels to Russia

By Roland Oliphant / The Moscow Times

... encountered a camper van on holiday in Germany, it seemed like a somewhat alien concept. When Yury Yelashkin first encountered a camper van on holiday in Germany, it seemed like a somewhat alien concept. "You know when you see a yacht or something, and there is a mental barrier saying 'That's not for me' — you just don't associate yourself with it," he said. "Then when I tried it — it was eye opening." Since then, he has taken his family on camper-van...

Casino Zone Planned Near Vladivostok

Reuters

... and will help create amenities that are more than just casino gaming," she said, adding that the zone would require a total minimum investment of $2 billion from private investors looking to develop properties. The plan includes luxury hotels, a yacht club, shopping malls as well as outdoor sports such as golf. The zone is 2.6 square kilometers, but can be extended to six square kilometers. "They are pretty smart. It might work. The big issue is how the visas will work," said Nelson...

Fearing Putin, Russians Flee Art Market

Reuters

... the Kremlin. "When the richest people are bureaucrats — deputy ministers, the children of governors, the wives of mayors — then these people are ashamed of their wealth," Gelman said. "They would rather buy some expensive yacht far from everyone." Each of the three trendsetting galleries is changing in its own way to respond to plummeting sales, but they joined forces last month to communicate their message: To survive, modern art in Russia needs state support. "We...

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