‘Nutcracker’ Breaks Russian Movie Budget Record, Vedomosti Says

“Nutcracker and the Rat King,” a Russian movie that debuts Jan. 1, cost about $90 million to produce, making it the country’s most expensive film, Vedomosti reported, citing the director, Andrei Konchalovsky.

VEB, the state development bank overseen by Prime Minister Vladimir Putin, financed almost all of the budget, the Moscow- based newspaper reported today. Konchalovsky, a brother of Academy Award-winning director Nikita Mikhalkov, started shooting the film in 2007, Vedomosti said.

To contact the reporter on this story: Ilya Khrennikov at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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