Support The Moscow Times!

Ruric Tries Medvedev Blog

ST. PETERSBURG — The Swedish firm Ruric, investing in the St. Petersburg complex Apraksin Dvor, has resorted to appealing to President Dmitry Medvedev via his blog after running into a brick wall in its attempts to develop the inner-city site.

In 2004 Ruric bought about 18,000 square meters of the historic market complex Apraksin Dvor and began reconstruction work on the site immediately. But a disagreement over relocation of a firehouse present at the site led the city's property management committee to annul their contract and select another partner, although Ruric had already invested $40 million in the project.

An open session summoned by Governor Valentina Matviyenko failed to resolve the problem, and an alternative site for the fire station has yet to be found.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more