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Emin Agalarov: Crocus Group suffered losses from the terrorist attack in $150-200 million

The son of the owner of Crocus Group, Emin Agalarov, said that the damage to Crocus from the attack ranged from $ 150 to $ 200 million.

Emin Agalarov: Crocus Group suffered losses from the terrorist attack in $150-200 million
27.02.2025
Lesezeit: 2 min
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📝 Summary

The son of the owner of Crocus Group, Emin Agalarov, said that the damage to Crocus from the attack ranged from $ 150 to $ 200 million.

In an interview with RIA Real Estate, he said that the losses were caused by the complete destruction of the concert hall and the drop in attendance at other Crocus City facilities. Agalarov added that the incident was a great tragedy for the victims and their families. He noted that from the point of view of business, the terrorist attack paralyzed the work of the company and reduced the attendance of facilities. You can count with all the inflation, the dollar, the damage directly to the concert hall – 100 million. I think that's about the same amount of traffic damage to the mall. 150-200 million, depending on how to count, Agalarov said. Thanks to Crocus City Hall, other facilities attracted an additional 6,000 to 7,000 visitors daily. The construction of the concert hall cost $ 70 million, and now nothing remains of it. Agalarov said his family and the Crocus Group have been hit with a slew of accusations that he considers unfair. He expressed confidence that the investigation will soon provide full information. Agalarov also said that on the anniversary of the terrorist attack, March 22, a memorial in memory of the dead will open on the territory of Crocus City. The attack in Crocus City Hall occurred on March 22 before the concert of the Picnic group, the terrorists began shooting and set fire to the building. The fire was finally extinguished on March 23. The attack killed more than 140 people, more than 500 were injured. As part of the investigation, more than 10 people were detained, including four suspected perpetrators of the terrorist attack. Crocus City Hall was completely destroyed and the roof collapsed. Experts estimated the damage from the fire at 10-12 billion rubles. Although the concert hall was insured, it was assumed that the insured amount could be lower than the actual damage. The authorities of the Moscow region reported that it is not planned to restore the destroyed object.

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