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Putin denies ownership of massive Black Sea palace

Barron’s: “Russian President Vladimir Putin on Monday dismissed claims by opposition leader Alexei Navalny that he owns a lavish property on the Black Sea, as the opposition urged fresh nationwide demonstrations. Fresh from protests last weekend, Navalny’s aides called again for Russians to take to the streets on Sunday ahead of a court case that could see Russia’s most prominent Kremlin critic put behind bars for more than three years. The 44-year-old campaigner was detained earlier this month when he returned to Moscow from Germany, where he had been recuperating from exposure to a Soviet-designed toxin.”

“He called on his supporters in dozens of cities to rally last weekend and released a two-hour investigation into the palatial seaside property to spur allies to demonstrate. The rallies saw a record number of arrests, and Putin on Monday denied having anything to do with the property in Navalny’s video, which has now been watched 86 million times. ‘Nothing that is listed there as my property belongs to me or my close relatives, and never did,’ Putin said during a video call with Russian students. Navalny’s report – his most-watched anti-corruption probe by far – claims the property is worth $1.35 billion and features everything from an underground ice rink to a casino.”

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