Vladimir Putin buys newest Kortezh limousine amid money laundering accusations

Article by Andrew Christian, on April 14, 2016

Recently, Russian President Vladimir Putin has been under fire over an alleged money laundering scandal. The Russian President is linked to a suspected $2 billion offshore bank transaction involving some of his associates. It was revealed by a set of confidential documents called the “Panama Papers” that Bank Rossiya was doing a billion-dollar operation in behalf of some of Putin’s associates.

The documents show how money of as much as $2 billion was channelled through the offshore accounts of some of the Russian president’s closest friends. Even if Putin was not part of the transactions, he is still under fire because of his association to these people.

However, it seems like the Russian president is in no way affected by these controversies. Or it would seem that just like the rest of us, Putin likes to do some shopping to relieve stress. Just recently, it was unveiled that the Russian president is to receive a new Kortezh limo from the first batch of Cortege cars according to Industry and Trade Minister Denis Maturov’s announcement.

It is reported that 3.7 billion rubles or about $54 million was allocated for the Cortege project. The said project was commissioned to produce Russian-made vehicles for top Russian government officials and is set to release its first batch sometime between the end of 2017 and the beginning of 2018.

There will be a total of 5,000 units that will be built in four different styles namely the limousine, sedan, the SUV and a minivan version. However, only 200 units will be produced during its first year while the rest will be shipped by the year 2020.

Mantura also adds that there are ongoing talks with the Russian Defense Ministry with regards to making an armored off-road vehicle. The limousine has been undergoing trials for almost a year and will begin its crash tests along with the sedan version this month. Manturov also says that Porsche has also been brought in to help with the Kortezh powertrain.

It is reported that Porsche’s engineering division will build a turbocharged V12 engine that will displace around 6.0 to 6.6 liters of gasoline and produce about 800 horsepower. This just means that the project is intended to use the best quality materials and processes.

No one can ever accuse Porsche of offering any less. Once the engines are completed, the Soviet automotive engine producer Zavolzhye Engine Factory (ZMZ) will continue with the vehicle and will bring in Russian-sourced parts. Putin’s Kortezh will also be made available to the public, so for those who have the means to buy one can do so. With all the commotion that this car is making, we’re betting that it’s going to be as powerful as the Russian president.

Topics: russia, limousine

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