
10-13-2004, 05:03 PM
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Landlord Seeks $9 Million In Back Rent
From money.cnn.com
Russia and the United States have agreed to a new lease for the U.S. ambassador's lavish Moscow residence after Russia complained he paid less than $3 a year for it, officials announced on Tuesday.
The annual rent for Spaso House in central Moscow was set in roubles in 1985, but the currency's value plummeted by 99.9 percent after the Soviet collapse, slashing the bill to around $2.50 at today's exchange rate, according to media reports...
Russian media had previously reported that Moscow wanted at least $9 million in back rent for Spaso House, which was built in 1914 for a rich merchant and later seized by communists... Entire Story Here
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