The child of a Putin ally has been revealed as the owner of a posh London home

This little girl has quite an impressive real estate portfolio.

A Russian supermarket tycoon and politician appears to have turned his young daughter into a landlady just 20 days before the start of the full-scale invasion of Ukraine.

Russian billionaire Vladimir Gruzdev declared his 8-year-old child the owner of his multi-million dollar London apartment in February 2022, according to an investigation by the Times of London and anti-corruption non-profit organization Transparency International.

The billionaire, who is being sanctioned by Ukraine, declined to comment to the publication on the fact that he owns his Kensington unit – the one with a parking lot, a maid’s room and proximity to a variety of embassies and celebrity residences is equipped – under his listed the name of the adolescent child less than a month before the escalation of the war.

The apartment was purchased in 2000 for $2.78 million from a Cayman Islands-based company, where the tax rate is 0%, according to insiders.

Today, taking into account both inflation and the conversion from British pounds to US dollars, the outlet estimates the value of the apartment at between $5 million and $10 million.

Gruzdev is a graduate of Russia’s leading spy academy, the Red Banner Institute, to which Vladimir Putin belongs.

In addition to helping found the successful grocery chain Seventh Continent (in which he sold his stake in 2007, making it a billionaire), Gruzdev was also a member of the state’s foreign intelligence service, governor of the Tula region south of Moscow, chairman of the Russian Bar Association and a holder of one honorary diploma awarded to him by Putin himself.

Ukraine sanctioned him after he made a statement supporting the war, Insider reported.

Only Ukraine and no other countries have sanctioned him.

Gruzdev is far from the only sanctioned person whose family members have abruptly taken over parts of her estate in recent years, the Times of London concluded at the end of its report.

“Every month, new stories surface about children, grandchildren or partners who suddenly become trustees in large business empires or become owners of luxury yachts, airplanes and mansions across the country. And that’s just the tip of the iceberg,” said Dame Margaret Hodge, a Member of Parliament, the outlet of the situation. “Where is the government’s urgency to act on this? Until we fix it, new sanctions will be nothing more than a slap on the wrist. We cannot afford to disappoint Ukraine in this regard, nor can we continue to be inundated with Russian money.”