Строительство комплекса под Сочи. Скриншот видео БРЦ
Journalists have identified who is financing the construction of a residence at the Krasnaya Polyana ski resort near Sochi, Russia, which is being described as the first known foreign residence of Aleksandr Lukashenko.
The investigation was prepared by the Belarusian Investigative Center (BRC) in partnership with the initiatives *Rabochy Rukh* and *BelPol*, as well as the outlets *Important Stories*, *Slidstvo.Info*, *Radio Svaboda*, and *OCCRP*, with support from the Ukrainian hacktivist community *KibOrg* and the Belarusian *Cyber Partisans*.
The complex is being built on a plot of about 10 hectares and includes a main building of 3,000 square meters, three villas, a hotel, garages, water treatment facilities, and security posts. As of October 2025, the three villas appear to be nearly completed.
According to the website of Sochi investment projects, a hotel complex with 31 VIP rooms is under construction at the site. It will consist of a main building, three VIP cottages, a hotel with a restaurant, a garden house with a barbecue area, a garage for five minibuses and five cars with a drivers’ lounge, and several other structures.
The construction is listed as being carried out by the Russian company *Complex-Invest LLC*.
According to the BRC, the land for the project, which had been owned by the Republic of Belarus, was sold to the Russian company *Complex-Invest* at an undervalued price — by around 125 million US dollars.
At the time of the sale, the official owner of *Complex-Invest* was pensioner Elena Borteva, the sister of the wife of Belarusian businessman Vladimir Yaprintsev, a close associate of Lukashenko’s family. In February 2024, *Complex-Invest* was transferred to Alexander Romanovsky, a former employee of Aleksandr Lukashenko’s Security Service.
The construction is financed through loans from at least six individuals and legal entities, including the Belarusian *Regional Order LLC*, the Russian *M.R.I.S. Group LLC*, the Cypriot *Rostumel Holding Limited*, China’s *Winshun Trade Limited*, and the Russian companies *Bevan LLC* and *Domino LLC*. Some of these companies are linked to Viktor Sheiman.
As of mid-2025, these companies had loaned at least 35 million US dollars for the construction, with 19.5 million dollars already spent.
The full investigation is available on the BRC website.