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According to a Russian businessman, the palace on the Black Sea coast attributed to Russian President Vladimir Putin is privately owned.

The entrepreneur and Putin confidante Arkadi Rotenberg said on Saturday that he had bought the property two years ago and wanted to open an apartment hotel there.

"I am the beneficiary," said Rotenberg in a video published on the messenger service Telegram.

"This is a gem, a great place."

In a YouTube video, the oppositionist Alexei Navalny accused Putin of having the luxury building built with money from corrupt sources.

Navalny stressed, however, that Putin was not the official owner, but had put forward men.

The video has been viewed more than 100 million times.

Putin himself rejected a connection with the property.

In the almost two-hour film, Putin's opponent Navalny used documents to trace the veiled ownership of the largest private property in Russia

Source: dpa / Uncredited

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On Sunday, Nawalny's supporters want to demonstrate again across the country for his release from custody and against Putin.

Authorities have called the planned gatherings illegal.