10:45 * 03.02.14

A new Forbes ranking, naming the top 30 figures on the Russian real
estate market, includes two Armenians.

Samvel Karapetyan, the owner of Tashir Group, is the second on the
list published by the magazine's Russian edition. The businessman's
estimated income is $960 million; his total assets are worth $3.8

Karapetyan has improved his positions in the ranking, jumping from
the third notch in 2013 to the 2nd in 2014.

The Moscow-based RIO Trade Center (105 sq. m.), GasOil Plaza business
center (30,000 sq. m.) and Novotel Moscow City Hotel (360 rooms)
are under his ownership.

Apart from Moscow, Karapetyan also operates businesses in St
Petersburg, Kaluga, Yaroslavl, Tula, Belgorod, Ivanovo, Vologda,
Rostov-on-Don, Nizhny Novgorod, Orel and Sochi.

Danil Khachaturov, the other Armenian businessman, is the last in the
ranking. His company, Legion Development, has an estimated $70 million
income from leasehold. The businessman owns $2.4 billion worth assets.

Khachaturov is a co-owner of the insurance company Rosgosstrakh.

His main businesses are based in Moscow (total 2,500 sq. m.).

Khachaturov has weakened his positions on the list since last year.

With a leasehold income of $80 million, he ranked as the 25th in 2013.