A so-called City, which includes the Federation Tower, one of the high-profile Mirax projects, which is now frozen, is seen in downtown Moscow, Friday, Aug. 21, 2009. Mirax Group CEO Sergei Polonsky, who was worth US$1.2 billion in 2008 according to Forbes magazine, posted a letter on his blog late Thursday saying that the company would stop all construction. AP Photo logo AP Photo 3 months ago

A so-called City, which includes the Federation Tower, one of the high-profile Mirax projects, which is now frozen, is seen in downtown Moscow, Friday, Aug. 21, 2009. Mirax Group CEO Sergei Polonsky, who was worth US$1.2 billion in 2008 according to Forbes magazine, posted a letter on his blog late Thursday saying that the company would stop all construction.

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