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.

Russia’s Prime Minister at Helm of Massive Corruption Scheme, Activists Allege

Russia’s Prime Minister Dmitry Medvedev Government.ru

Russia’s Prime Minister and ex-President Dmitry Medvedev, a quiet and unassuming man critics have discounted as a “sleepy clown,” is the mastermind of a multi-billion corruption scheme, activists allege.

Medvedev is at the center of an enormous investigation published on Thursday by the Anti-Corruption Foundation (ACF), an NGO run by Russia’s most prominent opposition politician Alexei Navalny.

According to the report, the assets of Russia's second in command are not limited to the luxurious summer home outside of Moscow that the foundation exposed last year.

Even the Ducks Live Like Kings at Russian PM Medvedev's Summer Getaway

Medvedev allegedly owns another mansion near Moscow worth 5 billion rubles ($85 million). The property was gifted to him by Alisher Usmanov, one of Russia's richest oligarchs, the ACF investigation claims. 

His other residence in the mountains of Russia's Krasnodar region, often used during winter, was built as part of large-scale Olympic construction in Sochi. Finally, he has a fourth mansion in the Kursk region, ACF alleges.

Other holdings include two large plots of land in Krasnodar, an Italian vineyard, and a lavish residential building in the heart of St. Petersburg with luxurious apartments and two yachts. 

On paper, Medvedev is not the owner of this enormous estate, according to ACF. It is owned and managed by several charity foundations and firms, including those in offshore zones run by Medvedev's university classmates. Funding comes from generous donations to these foundations from oligarchs and top-managers of Russia's biggest state companies, as well as soft loans from state-controlled banks.

“It's not like he's trying very hard to hide this,” Navalny wrote in the concluding section of the investigation. “Thousands of people are involved in maintaining Medvedev's schemes and real estate.”

Medvedev, is able to steal so much and so openly “because Putin does the same, just at a bigger scale" according to Navalny.

“Everyone in the government thrives on corruption,” he adds. “This is the main reason why our country is so rich yet the people are so poor.” 

Medvedev's spokeswoman Natalya Timakova said it was "pointless" to comment on Navalny's investigation.

"Navalny's report is clearly part of [his presidential election] campaign, he says it himself in the final part," Timakova told reporters on Thursday. "It is pointless to comment propaganda attacks from an opposition figure and a convict," she said.

… 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