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Title : This Is How Business Is Done By The Establishment In Russia
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This Is How Business Is Done By The Establishment In Russia

A woman crosses a street in front of Vozdvizhenka 9 in central Moscow, Russia, April 19, 2017. Picture taken April 19, 2017. REUTERS/Maxim Shemetov

Reuters: Exclusive: Putin's ex-wife linked to multi-million-dollar property business

The former wife of Russian president Vladimir Putin helped create and now supports a foundation that owns a historic Moscow property generating millions of dollars from tenants, a Reuters examination of property records has found.

The building was renovated with help from associates of Putin, and the rental income is paid to a private company owned by a person whose name is the same as the maiden name of Putin's former wife, corporate records show.

The rent comes from Volkonsky House in central Moscow, which was an aristocrat's home in pre-Soviet times and is now owned by The Centre for the Development of Inter-personal Communications (CDIC). Lyudmila Putina helped set up the non-commercial foundation, according to a report in state newspaper Rossiiskaya Gazeta and two sources who worked with the center. Lyudmila was Putin's wife from 1983 until their divorce, which was announced in 2013.

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WNU Editor: Know the building quite well. It is only a few blocks away from the Kremlin (and a few blocks from my condo), and it has been renovated and modernised with banks and government agencies renting the premises. Nice divorce settlement if you can get it.

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