Bureau of European and Eurasian Affairs
October 21, 2010

(San Francisco, CA, 21 October 2010) – Russia’s Renova Group Thursday signs agreements to save a California State Park slated for closure, the only site with Russian fortress remains in the contiguous 48-states. The Renova Fort Ross Foundation will join the State of California Department of Parks and Recreation and Fort Ross Interpretive Association to promote preservation and raise awareness of California’s Fort Ross State Historic Park. This historic effort will foster enhanced relations between the United States and Russia and grow the bond between the two peoples forged at Fort Ross almost two centuries ago.

The Renova Group established the Renova Fort Ross Foundation in June 2010 to provide support and spread awareness. Fort Ross was a thriving Russian settlement from 1812 to 1841, with Russians and local Native Americans sharing peaceful relations, and where innovation, scientific research and respect for the land were cherished. Hearing of the impending closure in the wake of California’s ongoing budgetary crisis, Renova Group head Victor Vekselberg committed substantial financial support to the park. California Governor Arnold Schwarzenegger has hailed the Russian effort.

About the Renova Group

The Renova Group is among Russia's leading private sector initiatives, with interests in mining, oil, metallurgy, mechanical engineering, chemical, real estate development, energy, telecommunications, nanotechnologies, utilities and financial services in Russia and internationally. The Group is a significant supporter of philanthropic initiatives and active contributor to the environment, arts and culture, education, international relations and public health. The Renova Fort Ross Foundation is dedicated to the preservation and maintenance of California’s Fort Ross State Park, given its significant historic, cultural and social value.

For further inquiries:

Olga Miller, Renova Group (USA)
Contact: 212-257-6448

Andrey Shtorkh, Renova Group (Russia)
Contact: +7 (495) 9333525