the election commission published Vladimir Putin’s financial statement

The Russian autocrat claims to have earned nearly 700,000 euros over the last six years and only owns one apartment.

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Russian President Vladimir Putin chairs a meeting at the Kremlin in Moscow on January 31, 2024. (KRISTINA KORMILITSYNA / POOL / AFP)

Frugal leader or dissembler? As Russia’s presidential elections approach in March,he electoral commission published Vladimir Putin’s financial declaration on Thursday February 1. In this document, the Russian president claims to have earned 67.6 million rubles over the last six years, or approximately 694,421 euros. He also states own a 77 m2 apartment, an 18 m2 garage in St. Petersburg, savings of $606,000 in ten Russian bank accounts, two GAZ M-21 cars manufactured in 1960 and 1965, a 1987 camping caravan and a Lada Niva from 2009.

Statements that contrast with the investigations of several independent media and political opponents. His main opponent, anti-corruption activist Alexeï Navalny, had accused Vladimir Putin to detain a palace worth 1.5 billion euros on the Black Sea. This “most expensive palace in the world” with, among other things, vineyards, an ice hockey hall, a casino, is located on an estate 39 times larger than Monaco. Alexeï Navalny’s anti-corruption foundation returned to the charge in August 2023, accusing the Russian leader of owning at least two yachts with a total value of 600 million euros.


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