New report finds five-billion-ruble downtown apartment owned by Russian tech czar

Research conducted by the Anti-Corruption Foundation (FBK) found that Sergey Chemezov, who leads Russia’s state-owned technology conglomerate Rostech, owns an apartment worth five billion rubles (just under $76 million). Alexey Navalny, the leading opposition politician who founded the FBK, revealed the results of the organization’s report on February 6. The most expensive apartment owned by a Russian state official had previously been thought to belong to Igor Sechin, who leads the energy conglomerate Rosneft and owns a property worth approximately two billion rubles ($30.4 million).