‘I’m the beneficiary,’ Russian billionaire Rotenberg says about large Black Sea property dubbed ‘Putin’s palace’

construction mogul

Russian construction mogul Arkady Rotenberg says he’s the beneficiary of an extensive property on the Black Sea coast, which has been widely touted by Alexey Navalny and Western media as a secret residence of Vladimir Putin.

The businessman gave a short interview to Telegram channel Mash, on Saturday, regarding the construction site in the Krasnodar region, which remains the focus of intense rumors both inside the country and in foreign media. Asked if he was acknowledging ownership of the site dubbed ‘Putin’s palace’, Rotenberg said: “This will be a secret no more. I am the beneficiary.”

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