×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Building Contracts Canceled

Twenty percent of the construction contracts the new Moscow city administration has reviewed — a total of 53 — have been annulled, Vedomosti reported.

A city commission plans to review all 1,175 contracts with the city. Most of the 53 contracts being canceled now have missed deadlines, officials in the Mayor's Office said.

Inteko, City, RGI, Sistema-Hals and DSK-1 are among the developers affected by the cancellations. City is in danger of losing its 180,000-square-meter project in the Moskva-City business center. DSK-1 could lose a 90,000-square-meter section of the Ivanovsky development. "We don't object," an unidentified DSK-1 spokesman was quoted as saying about the information.

(MT, Vedomosti)

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysiss and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more