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Skyscraper city becomes citadel of Putin's state capitalism

Russia is cramming Moscow City's high-rises with ministries and the biggest state firms

Published Mon, Dec 18, 2017 · 09:50 PM

Moscow

RUSSIA built it, but they didn't come. Two decades in the making, Moscow City is finally filling up with tenants, just not necessarily the kind Russia had in mind when it conceived the glass-and-steel district as an international financial hub.

With the economy besieged by sanctions and some of its biggest companies becoming pariahs in western capital markets, Russia is cramming the high-rises with ministries and the biggest state firms.

Now, the central bank is also discussing a possible relocation of some employ…

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