Russian Prime Minister Vladimir Putin traveled to the Taman Peninsula on Wednesday to perform yet another of his trademark adventure activities and scuba dive at a site known as the Russian Atlantis. Putin is making the dive to publicize archeological restoration work on the submerged part of the ancient Greek city of Phanagoria . "By scale and value, this monument can be compared to a rich oil deposit. Archeology is not measured in money but Phanagoria's 'capitalization' is simply astronomical," archeological expedition head Vladimir Kuznetsov said. The Phanagoria project is funded by the Russian Geographical Society, led by Emergencies Minister Sergei Shoigu and closely linked to the ruling United Russia party. Putin met with archeologists working in a field camp and is expected to dive to the bottom of the Taman Bay, in the Kerch Strait. Putin was shown around the excavation site, starting with the Boyur Gora man-made mound dating back to the 4th century BC. The mound is 10-11 meters high and about 100 meters in diameter. “It is a unique architectural structure - an earth building,” Kuznetsov said. Putin picked up a fragment of a handle from an ancient amphora. “Can I take it?” he asked the archeologists. “It might be useful in my household,” he added smiling. Phanagoria was once the largest Greek colony on the Taman Peninsula, spreading on two plateaus along the Asian shore of the Cimmerian Bosporus. The location of Phanagoria was determined in the 18th century, when marble statue bases with dedications to Aphrodite were discovered there. Among the recent finds is an inscription indicating that a synagogue existed in Phanagoria as early as 51 AD. The dive is the latest in a string of well-publicized adventurous activities by Putin, including flying warplanes, taking submarine dives, helping to put out fires in a firefighting aircraft, and tagging tigers.