Putin also maintains a nearly-750 acre compound of fenced-in forest land requisitioned for his compound in Karelia, just 18 miles from the border of NATO member Finland, where Putin enjoys a residence complete with a brewery, tearoom, bathhouse, fishery and farm and private access to a waterfall and lake.
U.S. officials believe they have connected Putin to St. Petersburg-based Bank Rossiya, which the International Consortium of Investigative Journalists has pegged as “Putin’s personal cashbox.”
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Trying to identify and target Putin’s assets has proven virtually impossible thanks to complex distribution across a network of shell companies, real estate and other people’s accounts, according to Time Magazine.
For example, close Putin ally Yuri Kovalchuk, a hotelier rumored to be the Russian president’s “personal banker,” headed up the construction of the Karelia compound and poses as the de facto official owner for many of the operations and assets related to its construction, according to East2West.
