DZWatch has learned of a new opulent addition to President Vladimir Putin’s collection of residences: a lavish palace in Crimea. Following Russia’s annexation of the peninsula in 2014, this extravagant estate was allegedly constructed in the scenic Cape Aya region, nestled between Sevastopol and Laspi Bay.
While President Putin is known to possess numerous luxurious properties, including the Black Sea Gelendzhik palace, his Novo-Ogaryovo residence near Moscow, and his official Valdai residence, this Crimean palace represents a new level of extravagance. Built on a site formerly occupied by a sanatorium, the palace spans over 9,000 square meters and features interiors characterized by unparalleled opulence.
Reports suggest that the palace is adorned with marble floors and walls, with gold plating prominent throughout. Royal bedrooms feature gold-plated jacuzzis, mosaic-tiled swimming pools, and sprawling entertainment halls. However, it is the details that truly highlight the extraordinary cost of the estate.
According to sources, the bathroom fixtures alone cost approximately 11 million rubles (around $143,000 USD). Shockingly, individual faucets are valued at nearly $40,000 – the equivalent of an apartment in the upscale resort city of Sochi. The palace also boasts living rooms illuminated by chandeliers costing 3.5 million rubles ($45,000 USD) each. While these chandeliers are undeniably expensive, they reportedly pale in comparison to those found in the Gelendzhik palace, which are valued at 50 million rubles.
The revelations regarding the palace and its exorbitant price tag have sparked considerable debate. The vast wealth on display raises questions about the allocation of resources, particularly in light of ongoing economic challenges. The contrast between the lavish lifestyle seemingly enjoyed by those close to power and the struggles faced by ordinary citizens has fueled criticism.
DZWatch continues to investigate the details surrounding the construction and financing of this controversial Crimean palace.
