Economics
Putin’s Plan to Make Russian Cities Worth Living In
By spending billions of dollars on urban redevelopment, he wants to keep people from moving to Moscow.

Celebrating the arrival of the Lastochka in Torzhok.
Photographer: Misha Friedman for BloombergOn a Sunday morning in December, the future arrived in Torzhok, a sleepy town about 155 miles (250 kilometers) northwest of Moscow. It came in the form of an electric locomotive resembling a bright red caterpillar, chugging along through snow-covered forests toward the town of 50,000.
There were only a dozen passengers on the inaugural journey of the train, dubbed the Lastochka—which is Russian for swallow. Among them was Tatyana Sokolova, an entrepreneur and one of a growing number of players rushing to redevelop cities across the country—including Torzhok, her hometown.