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€1 billion yacht marina for Russia’s rich near “Putin’s Palace”

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Gelendzhik, Russia (Ports Europe) July 28, 2024 – Hugely expensive war in Ukraine and Western sanctions, ruined national transport infrastructure, dilapidated ports and lack of cargo ships… All this is irrelevant for the construction of Russia’s 1.03 billion euro Gelendzhik Marina resort in the Tonkiy Mys (Thin Cape) on the Black Sea. Because it’s only…

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