A view of the former country house of Russian President Vladimir Putin in the Ozero housing cooperative...
A view of the former country house or "dacha" of Russian President Vladimir Putin in the Ozero housing cooperative by lake Komsomolsk, some 130 km outside St. Petersburg, in this picture taken January 11, 2014. Four years before he become Russia's president, Vladimir Putin built himself a lakeside cottage in woodland outside St Petersburg. He has come a long way since then. So too have some of the friends who were his neighbours in the gated community by Lake Komsomolsk, named after the Communist Party's youth wing. Three of the eight founding members of the Ozero (Lake) housing cooperative that was set up to manage the dachas were targeted in the latest round of U.S. sanctions on Thursday over Russia's annexation of Ukraine's Crimea region. The U.S. Treasury Department specifically mentioned the Ozero link to Putin in a statement explaining the sanctions, which imposed visa bans and asset freezes on some of his inner circle. The message is not only that Putin should change tack over Crimea. It is also that the political system he has built - concentrating power in the hands of a powerful president - is at best faulty, at worst corrupt. To match story UKRAINE-CRISIS/PUTIN-WEALTH Picture taken January 11, 2014. REUTERS/Alexander Demianchuk (RUSSIA - Tags: BUSINESS)