My friend Judith first brought this issue to my attention and I managed to catch an article on it (in Hebrew) in The Marker of today.
Seems that the Proslav Russian Church which brought tens of thousands of pilgrims to the Holy Land in the 19th century, also purchased extensive property holdings. It is estimated that 235,000square meters is theirs in Israel, the disputed territories of the Palestine Authority, Syria and Lebanon. In Israel, most prominently, this includes the Russian Compound in Jerusalem.
In that The Marker report, it seems that the PA will be returning some 35,000 sq. m. of land in Jericho and the Mt. of Olives.
Some people, understandably are quite upset about this development but as I am an optimistic person, I tried to see the 'good'.
Here it is:-
If after 150 years, the Pals. are recognizing land purchases by Russians, and actually awarding them title and use, well, then, land purchases by Jews should be no problem: in Hebron, Shchem, Jenin, etc.