As of 1 April 2015 banks assets were worth 508 billion rubles (ranked 17 in Russia, see Bank Rossiya – assets worth), Purchase of shares in Sogaz, a big insurance company in Russia. 12.5% by Accept Ltd (owned by grandson of Vladimir Putin's uncle Michael Shelomov) and 51% by JSC ABRos Investment Company wholly owned by Bank Rossiya (see: subsidiaries of Bank Rossiya), Various investments projects in Russia: Vyborg Shipyards, Medical Module Production in Cherepovets, Vineyard in Gelandzhik, Maritime Wharf. Kolesnikov claims that in 2009 development of new investment projects was closed in favour of the palace construction, Money from the state budget and state-owned companies was used to provide the complex with infrastructure (gas supply pipeline, electric power line, new mountain road) despite the fact that officially this was private property.