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The Belokamenka project, which was finished last year with ambitions to employ 15,000 people, has been abandoned due to Western sanctions.
This partial shutdown is a big setback for Vladimir Putin and the Russian economy, which depends significantly on money from gas and oil exports.
Separately, Moscow has confirmed that Vladimir Putin would not attend President Donald Trump’s inauguration next month.
The Kremlin stated that the new US president has not invited his Russian counterpart to the event, which will be held in Washington on January 20.
Nonetheless, the tycoon has invited Chinese President Xi Jinping, despite the fact that the likely White House occupant has promised to impose tariffs.
