No one really knows whether this is really the palace palace Putin, the news caused a lot of noise. St. Petersburg businessman Sergei Kolesnikov, who has entree into Putin's inner circle, has written an open letter to President Medvedev. In it he talked about the fact that the Black Sea built "holiday complex" Vladimir Putin's $ 1 billion. Construction began near the village Praskoveevka (Gelendzhik area) in 2006, but the story itself in the distant 2000m. Fully letter can be read here. I personally do not believe in "Putin's Palace". Or history teaches us that with the change of power from former leaders take, if not all, very much. So that the palace should be built somewhere in Spain or Cyprus. But is not the case. I suggest to see the photos.