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Crimea to nationalize Ukraine oligarchs’ property, if acquired unlawfully

June 05, 2014, 15:11 UTC+3 SIMFEROPOL
“There will clearly be no nationalization of private properties,” acting Crimean head Sergei Aksyonov says
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Former residence of last Soviet leader Mikhail Gorbachev at Foros (archive)

Former residence of last Soviet leader Mikhail Gorbachev at Foros (archive)

© ITAR-TASS/Andrei Babushkin

SIMFEROPOL, June 05./ITAR-TASS/. Ukrainian oligarchs’ properties in Crimea, including the former residence of last Soviet leader Mikhail Gorbachev at Foros, will be returned to state ownership, if they were acquired in violation of law, acting Crimean head Sergei Aksyonov said on Thursday.

“The government of Crimea will take all decisions only in accordance with law. There will clearly be no nationalization of private properties. These facilities will be assessed only from the viewpoint of the legitimacy of their acquisition at the time when Crimea was part of Ukraine,” Aksyonov said.

“If these properties were acquired at market value, there will be no de-privatization,” the acting Crimean head said.

If properties were privatized in violation of law, which was a common practice in Ukraine, prosecutors will respond to these episodes in accordance with Russian legislation and such facilities will be returned to state ownership, he said.

The Crimean authorities are now holding a check of Ukrainian oligarchs’ properties on the peninsula, including the estates of businessman Igor Kolomoisky who is among those who are financing Kiev’s anti-terrorist operation in east Ukraine, Aksyonov said.

“We know that this guy was quite neglectful of laws and therefore there are few properties, which he bought legitimately. I believe the prosecutor’s office will expose all the violations committed during privatization of the facilities that now belong to him,” Aksyonov said.

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