Reuters has reported that the former wife of Russian president Vladimir Putin helped create and now supports a foundation that owns a historic Moscow property which generates millions of dollars from tenants. Corporate records show that 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.
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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