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Valaam Billions – The Monastery’s Secret

On the Karelian island of Valaam rises the beautiful Patriarchal Men’s Monastery. But reality around it is not quite as beautiful.

The turnover of the business on the island is billions of rubles. The largest state-owned companies are doing business in this area, while the living conditions for local residents become worse. They are squeezed out of the island, of their houses and their jobs. And the main beneficiary of it all is one of the most famous institutions in religious Russia – the Valaam Monastery of the Russian Orthodox Church. Gleb Yarovoy, journalist from the media outlet 7×7 in Petrozavodsk, has gathered information about business on the island.

Read the Russian original

The investigation was also published on Medusa, one of the most popular media in Russian

Read the English translation