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Sevastopol authorities confiscate Ukrainian tycoon’s assets for debts

September 06, 2014, 7:06 UTC+3 SEVASTOPOL
On September 3, Crimea’s State Council made a decision to nationalize all assets belonging to Kolomoisky, the Dnepropetrovsk Region’s governor
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SEVASTOPOL, September 06, /ITAR-TASS/. The authorities of Sevastopol and Crimea have confiscated local assets belonging to Ukrainian big business tycoon Igor Kolomoisky for debts.

Sevastopol’s city administration has told ITAR-TASS that the list of confiscated facilities includes an oil tank farm, a gas fuelling station and sixteen car filling stations. Police and self-defence forces took over the assets and put under guard. Inventorying is in progress.

“At the oil tank farm no documents confirming property rights have been found. It looks like has been used arbitrarily all the way,” a Sevastopol government official said.

On September 3, Crimea’s State Council made a decision to nationalize all assets belonging to Kolomoisky, the Dnepropetrovsk Region’s governor, whose Privatbank defaulted on its liabilities to Crimea’s retail clients. Sevastopol made a similar decision a day earlier.

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