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Property of tycoon Kolomoiskyi will be prepared for sale by year end — Crimea's head

October 07, 2014, 17:05 UTC+3 SIMFEROPOL

The decision to nationalize the property of Ihor Kolomoiskyi, one of Ukraine’s richest men, was approved by the State Council of Crimea on September 3

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Ihor Kolomoyskyi

Ihor Kolomoyskyi

©  ITAR-TASS/Konstantin Sazonchik

SIMFEROPOL, October 7. /TASS/. The property of PrivatBank and its owner — tycoon Ihor Kolomoiskyi, the governor of Ukraine’s Dnipropetrovsk region — that has been nationalized in Crimea, should be prepared for an open auction sale by the end of the year, acting head of the Crimea Republic Sergey Aksyonov said on Tuesday.

By his order, the funds from the property sale must be transferred to special accounts from which compensations to Ukrainian banks’ depositors will be paid. “Your task is to organize with the participation of members of the public and experts an open auction procedure for the sale of these facilities, make the right estimate and agree with the Finance Ministry upon the transfer of all the sums to the accounts from which money will be paid to the depositors,” Aksyonov told Crimean Minister of Property and Land Relations Alexander Gordetsky at a meeting of the Council of Ministers.

According to Gordetsky, 16 nationalized facilities, most of which are located in Simferopol and house offices of Russian National Commercial Bank (RNCB), have been transferred to management of the autonomous non-profit organization Depositor Protection Fund.

“The Tavriya health resort complex in the Oliva settlement (Greater Yalta) that is currently under security has been transferred to the organization,” the minister said, adding that the property evaluation was conducted jointly with the fund.

The stock-taking of the Foros resort complex with 65 hectares of land, including the Foros Park, has been held. This property has been allocated to the republic’s property management directorate. The facility’s approximate cost is $40 million (1.6 billion rubles), Gordetsky said.

The decision to nationalize the property of Kolomoiskyi, one of Ukraine’s richest men, with a fortune of $2.1 billion, according to Forbes magazine, was approved by the State Council of Crimea on September 3. Crimean lawmakers suspect that Kolomoiskyi had initiated and financed military operations in south-eastern Ukraine, where over 3,000 people have been killed since April, according to the UN human rights office. The property of Kolomoiskyi in coastal areas in Crimea includes 111 items, including several recreation centers, over 20 fuelling stations, dozens of markets and non-residential buildings.

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