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Russia has defeated Canada and Saudi Arabia...

France"s Budget Ministry said in a statement on Monday that Russia had offered the highest price for the land, but did not elaborate on the figure.

The plot of land on the Branly Quay is currently occupied by the French national meteorological service, Meteo France, which is expected to be relocated in 2011.

According to the Russian Newsweek magazine, Canada was seeking for the land for a new embassy, while Saudi Arabia wanted to build a diplomatic office and a mosque, intended only for Saudi citizens.

Russia reportedly plans to build an Orthodox church on the plot, and to relocate a divinity school currently located on the outskirts of Paris.

The magazine quoted experts as saying an average price of land in the area was about 7,000 euros (more than $9,500), which means Russia may have bid 50 million euros ($70 million) or more.

The purchase took place in the Year of Russia in France and France in Russia.

Konstantin Kosachyov, the head

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