Looks like the IP might still be involved. It seems that the Dreamworks project was never in doubt but the fact that Universal and Dreamworks will have competing parks may have put the Moscow park at risk. But now it looks like both are still ongoing.
Source: http://www.hollywoodreporter.com/news/nbcu-dreamworks-animation-move-separate-898207NBC Universal and DreamWorks Animation are going ahead with their separate theme park projects in Russia.
Following the announcement last month that NBCU will take over DreamWorks Animation, there was an expectation that the two companies' Russian theme park projects could be combined.
However, NBCU has confirmed that it is going ahead with its Moscow project. "The project is still on, but we do not have an update," NBCU's spokesman told The Hollywood Reporter, adding that it "is not connected with any other project."