New York Times: Russia nationalized $1 billion worth of property in Crimea
Moscow - Simferopol, January 12 (PolitNavigator, Mikhail Stamm) - The total value of nationalized property after the annexation of Crimea and Sevastopol to Russia is estimated at $1 billion. Some owners turn to the FSB, the Ministry of Internal Affairs and the court, but they doubt that they will be able to receive compensation, writes RBC with reference to the American publication.
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Former Ukrainian property owners in Crimea claim that the seizure of premises is carried out by “detachments subordinate to the Crimean government,” reports New York Times. Over the past year, they took control of banks, hotels, gas stations, bakeries and warehouses of the Yalta film studio. The total value of all these properties is estimated at approximately $1 billion.
According to the former head of the Kerch shipyard, Nikolai Kuzmenko, an attempt to seek help from the police or the FSB was unsuccessful - no one answered the callers, writes the American newspaper (translation by RBC - approx. "PolitNavigator").
Lawyers for owners of nationalized property believe that the Crimean authorities should pay compensation in any case. “If they really believe that Crimea is Russian territory, then they should adhere to Russian legislation, and not local laws,” says Kiev lawyer Roman Marchenko, whose firm protects the interests of some Crimean businessmen.
At the same time, NYTimes points out that “Russian entrepreneurs are also suffering from the actions of the Crimean authorities.” The newspaper cites the example of Sergei Arshinov, who invested several million dollars in the reconstruction of the Yalta film studio, but was deprived of property on October 12. As compensation, they promise to return him 100 thousand dollars, because that is how much the film studio allegedly cost, according to Ukrainian documents, before joining Russia.
In Ukraine, the actions of the Crimean authorities are called confiscation, while in Simferopol they prefer to call them nationalization. The local leadership promises that the proceeds from the sale of property will go to the local budget and to compensate depositors affected by the cessation of the activities of Igor Kolomoisky’s Privatbank in Crimea.
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