Russian-installed Crimea authorities to promote Ukrainian properties

The Crimean parliament’s speaker, Vladimir Konstantinov, acknowledged that the federal government will “soon” promote the properties that had been taken over and that the primary eight auctions for the properties of distinguished Ukrainian businesspeople had already taken place Picture Courtesy Reuters

The authorities imposed by Russia in Crimea mentioned on Saturday that they meant to promote about 100 Ukrainian properties, together with one which belonged to Volodymyr Zelenskiy, the president of Ukraine.

The Crimean parliament’s speaker, Vladimir Konstantinov, acknowledged that the federal government will “soon” promote the properties that had been taken over and that the primary eight auctions for the properties of distinguished Ukrainian businesspeople had already taken place.

Greater than 815 million roubles ($8.51 million) was concerned within the sale contracts, Konstantinov claimed in an announcement posted on the Telegram messaging service.

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The Crimean authorities, who had been established by Russia, declared in February that that they had nationalised over 500 properties, a few of which belonged to distinguished Ukrainian financial and political heavyweights.

Since 2014, when Russia invaded the Black Sea peninsula, eight years earlier than launching a full-scale invasion of Ukraine, Moscow has had sovereignty over Crimea, which the worldwide neighborhood recognises as being part of Ukraine.

(With company inputs)