Khloponin Seeks $16Bln for Caucasus Resort

The Kremlin’s envoy to the restive North Caucasus oversaw the signing of a $1.8 billion French deal at the St. Petersburg International Economic Forum as he tried to persuade business leaders to back a $16 billion plan to build a chain of ski resorts in the Caucasus mountains. Under Friday’s deal, France will provide 840 million euros ($1.2 billion), mostly in ski lift equipment, and the Russian government will […]