A company with ties to an ally of Russian President Vladimir Putin has won the right to develop a prime piece of Moscow real estate near the Kremlin, two sources familiar with the deal told Reuters.
Moscow city government auctioned off the plot, which lies on the bank’s of the Moskva river and includes a number of historic buildings, and it was won by a construction company called Gorkapstroy-Garant, according to the city.
The two sources, who spoke on condition of anonymity because of the sensitivity of the matter, said that the firm represents the interests of businessman Gennady Timchenko.
Reuters was not …read more
Source: Voice of America
