Support The Moscow Times!

AFI Buys Parking Lot

AFI Development Plc, Israeli investor Lev Leviev's Russian property developer, agreed to pay the city of Moscow about $128 million for an unfinished underground parking lot at its AFIMall City complex.

AFI is in "advanced" negotiations with VTB Bank to finance the acquisition and subsequent construction, the company said in a statement last week.


… 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