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Russia

Rent Historic Moscow Building For One Ruble - But You Gotta Fix It Up First

A new program in Moscow aims to give incentives for private developers to restore historical buildings that are on the brink of crumbling. The program's first auction attracted almost 20 bidders, and it looks like the program may be a win for eve

Restoration in process in Moscow. (Adam Jones, Ph.D.)
Restoration in process in Moscow. (Adam Jones, Ph.D.)
Alexander Voronov


MOSCOW - The Russian capital may have found a new path to an urban facelift.

As part of an innovative new program to promote restoration of the city's landmarks, Moscow held its first historical building auction this week. The program allows the city of Moscow to rent historical buildings in need of restoration for the symbolic annual sum of 1 ruble (about three cents) per square meter, on the condition that the renter has completely restored the building.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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