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Moscow's half-empty $12 billion financial district looks worse than you imagined
BI ^ | 3 Mar 14 | Christian Storm and Elena Holodny

Posted on 03/04/2015 7:09:31 AM PST by elhombrelibre

Moscow's financial district, with its $12 billion worth of skyscrapers, was meant to be a gleaming beacon for Russia's post-Soviet market economy.

But now with Russia's economy in free-fall, the Moscow City complex property values have nosedived, construction sites are abandoned, and vacancy rates have soared to 45%, according to real estate consultants Blackwood.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Crime/Corruption; Foreign Affairs; Russia
KEYWORDS: economy; moscow; moscowcity; russia
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To: GOPJ

Thanks. Those are a beginning of the books I’d recommend to anyone.


41 posted on 03/04/2015 10:17:05 PM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre

Nobody....nobody....nobody will invest in Russia and that is their end, economically they are the walking dead.


42 posted on 03/05/2015 6:10:03 PM PST by free_life (If you ask Jesus to forgive you and to save you, He will.)
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To: free_life

I agree. And the decline in oil prices will make it impossible to meet the budget needs of Putinstan. However, since many of the Russians are keen with a President for Life, they may be quite content to live their lives again in poverty as long as they can get drunk.


43 posted on 03/06/2015 2:43:38 AM PST by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: SamAdams76

I chalked it up to political confusion with a theological basis.


44 posted on 03/06/2015 2:46:09 AM PST by RegulatorCountry
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