Apocalypse Angst Has Rich Russians Buying Bunkers

VIP Bunkers in Russia

Lyubov Pronina
Bloomberg

Terrorism can be good for bunker builders. An apocalypse can be even better for business.

Danila Andreyev started building “panic rooms” three years ago, when fears of terrorist attacks and commercial disputes turning violent created demand in Russia. Now he’s selling “survival bunkers” for as much as $400,000 each to capitalize on angst over theories the world will end next year.

“I myself am not a believer in doomsday scenarios,” Andreyev, 31, whose Spetsgeoproekt company is completing 15 bunkers at hidden locations across Russia, said at his office in central Moscow. “But when you start hearing clients talking about the end of the world, it gets you thinking.”

While Russia has been a target for terrorists, with 37 people dying in a blast at Moscow’s busiest airport in January, more people are looking to protect themselves from what Andreyev calls a “global cataclysm” in 2012 based on predictions such as interpretations of the ancient Mayan calendar.

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