Article: $4M Luxury Yacht Made for the President in Secret, THE MOSCOW TIMES

Ilya Khrennikov
The Moscow Times (Russia)
05-07-2003
A secretly built yacht intended for President Vladimir Putin took to
the water late last month at the Moscow Shipbuilding Factory.
A source in a river transport company said the motorized Pallada yacht
was indeed Putin's. Neither the shipbuilders nor the presidential property
department denied this. But whether the yacht was custom built for the
president remains a point of contention.
The shipbuilding factory plans to mass-produce a series of identical
ready-to-sail boats, so it is possible that the first one off the line
was simply purchased for the president's use.
The shipbuilding factory's commercial director, Dmitry Mironenkov,
would not ...

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