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Volkswagen Funds Art Search

Volkswagen is providing funding of 600,000 euros ($794,000) for a German-Russian research project to track down Russian art treasures lost in World War II, a statement from two state-owned funding bodies said.

VolkswagenStiftung, the research-sponsorship arm of Europe's biggest carmaker, will fund 75 percent of the 800,000 euro costs, with the rest coming from two state-owned funding institutions — the German States Cultural Foundation and the Prussian Cultural Heritage Foundation.

The research begins with the museums of Novgorod and Pskov as well as the royal palaces at Catherine Park, Gatchina, Pavlovsk and the Peterhof Palace, according to the statement. Russian museums lost hundreds of thousands of artworks and cultural treasures through plunder and destruction by German troops in World War II.

(Bloomberg)

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