20.10.2008 - Crisis threatens to burst Russia's property bubble
From Indiatimes.com: Only a few months ago, billionaire Sergei Polonsky, the developer behind an array of gleaming Moscow skyscrapers, seemed invulnerable. But now that the global financial crisis is hitting Russia, he has warned that the country's construction industry is "on its knees" and begged journalists for help in a bid to stave off disaster. "The future and success of builders depend on you, dear journalists!" the 35-year-old tycoon pleaded in an open letter posted on his blog this month and republished in the Russian press..... Full Article: Source
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