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Sevastopol rules out ‘sweeping’ Ukraine oligarchs’ property nationalization

Acting Crimean head Sergei Aksyonov said in early June that Ukrainian oligarchs’ properties in Crimea would be returned to state ownership
Acting Sevastopol governor Sergei Menyailo  ITAR-TASS/Stanislav Krasilnikov
Acting Sevastopol governor Sergei Menyailo
© ITAR-TASS/Stanislav Krasilnikov

SEVASTOPOL, June 19. /ITAR-TASS/. The authorities of Sevastopol, a former Ukrainian territory that has become a part of Russia, will strictly comply with law in deciding on the property status of the city’s enterprises belonging to Ukrainian oligarchs, acting Sevastopol governor Sergei Menyailo said on Thursday.

Properties will be transferred to state ownership exclusively within the existing legal framework, Menyailo said.