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Navalny team: new head of Roscosmos owns real estate worth a billion rubles

Source: Navalny LIVE

The family of Yury Borisov, the new head of Russian space program Roscosmos, owns real estate in Russia and abroad worth at least a billion rubles, says an investigation by Alexey Navalny’s team.

According to Montenegro’s state register, in 2015, Borisov’s sons Konstantin and Alexander bought an 11-acre plot and a three-story, 853-square-meter (about 9,000 square feet) house in Jurashevichi, near the coastal town of Tivat. 

According to a declaration by Borisov himself, he owns a 203-square-meter (2,185 square foot) apartment in Moscow. Navalny’s associates say he acquired the apartment, which is apparently located in the elite Smolenskaya Zastava housing complex, in 2020, however details on the property have now been removed from the Russian state register. 

The investigation also shows a house and plot of land outside of Moscow, worth 200 million rubles, and an apartment in the Sadovye Kvartaly housing complex in Moscow, worth 170 million, both registered to Alexander Borisov. An apartment in Moscow’s Volynsky housing complex, worth 120 million rubles, is registered to Konstantin Borisov’s spouse.

Other assets, including multiple apartments in Moscow and a townhouse outside the city, bring the value of the Borisov family’s property to at least a billion rubles, according to the investigation.

Yury Borisov has been in the civil service since 2004. He previously owned the company Modul. The Navalny team’s investigation reveals that Modul is now owned by Alexander Borisov and Andrey Adamov, Yury Borisov’s stepbrother, according to media reports. Adamov’s wife, like Borisov’s sons, has real estate in Montenegro. 

The investigation says that Modul received government contracts for military-industrial production worth more than 14 billion rubles, arranged by Borisov while he was serving as Deputy Prime Minister of the Russian Federation.

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