Occupying authorities in Crimea nationalize 700 pieces of Ukrainian individuals’ property, worth ‘tens of billions of rubles’

In Russian-annexed Crimea, occupying authorities have nationalized about 700 pieces of private property and real estate belonging to Ukrainian businessmen and politicians, Vladimir Konstantinov, the head of the Crimean parliament, told Russian state news agency RIA Novosti.

According to Konstantinov, the nationalized property includes land, buildings, business premises, in-progress construction sites, warehouses, and other property belonging to Ukrainian nationals “connected to the Kyiv authorities” who commit “unfriendly actions” against Russia.

Entrepreneurs and politicians whose property has been nationalized include Rinat Akhmetov, Igor Kolomoisky, Arseniy Yastenyuk, Nestor Shufrych, and Serhiy Taruta.

“The items that have become the property of Crimea are, according to our initial estimates, worth tens of billions of rubles,” said Konstantinov. He added that Crimean authorities planned to use the income to support participants in the “special military operation,” their families, and the families of dead soldiers.

After the value of the nationalized property is assessed, it will be auctioned off to owners who will “develop it in the interests of our country,” said Konstantinov.

On February 16, the Ukrainian authorities announced the transfer of Russian businessman Oleg Deripaska’s Ukrainian enterprises to state ownership.