Huh ... "The area around Moscow—a city that boasts one of the largest populations of billionaires—is now home to some nine 18-hole courses and at least three nine-hole courses. Many of them are world-class, private—and generally empty. The Russian capital, which has a population of more than 12 million, meanwhile, has only about 3,000 regular golfers, and just two publicly accessible championship pro courses."
And
"Experts at KPMG's golf advisory group estimate that the average 18-hole course in Europe, the Middle East and Africa costs between $2 million and $7.2 million to construct, but many of those built in Russia have far exceeded that average, with price tags on the order of $15 million to $20 million. Including all the add-ons—such as clubhouses, polo grounds, marinas, private ski slopes and course-side housing—the cost of some of Russia's highest-end clubs has well exceeded $50 million. And maintenance costs can climb as high as $1.5 million a year."