More than 500 Ukrainian properties and assets located in Crimea will be nationalized

Russian soldiers march in Sevastopol in Crimea on May 5, 2022 (illustration image).

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The deputies of the Crimean Parliament agreed - unanimously - to nationalize more than 500 Ukrainian properties and assets located in this region annexed since 2014. Part of the funds thus collected will be used to finance the Russian military operation in Ukraine.

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With our correspondent in Moscow,

The assets of banks, factories and the property of Ukrainian oligarchs on the peninsula have been nationalized.

The regional parliament thus enables the Russian state to obtain new financial income, part of which is said to be used to finance the operation of the Russian army in Ukraine.

A dozen banks

Although the funds obtained have not been disclosed, Russian agencies report that the assets of Rinat Akhmetov, the richest man in Ukraine, as well as those of billionaire Igor Kolomoiski, a dozen Ukrainian banks, several factories and those of the Dynamo kyiv football club are affected by this measure.

A response to the freezing of Russian assets in the West

At the end of October 2022, Sergei Aksyonov, the head of the Republic of Crimea, had already announced the nationalization of the major companies on the peninsula whose leaders support the kyiv regime.

A series of measures supposed to respond to the freezing of the assets of the Central Bank of Russia in the West, as well as the seizure of the assets that many Russian oligarchs held in several European countries, in England or in the United States.

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