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Monday 20.11.2017 | Name days: Anda, Andīna

Thousands of enterprises are nationalized in Crimea

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUWithin eight months since the annexation of the Crimean Peninsula, thousands of enterprises present there have been nationalized. This process was not always carried out in accordance with the law, however.

During his annual speech to the parliament, Russian President Vladimir Putin praised the reunification with Crimea, which is a historic event for the Russian Federation. However, life on the peninsula is no longer simple. This applies to multiple violations of human rights, especially in regard to the Tatar community living there, and the business environment, as reported by lsm.lv.

According to the new Russian authorities in Crimea, the nationalization process is necessary in order to put an end to large-scale misappropriation of funds that was started by Ukrainian politicians and oligarchs 20 years ago.

Representatives of western media present in Crimea have uncovered a number of cases that demonstrate a not-too-legal practices being employed there – legitimate owners were often forced to leave their properties; buildings and other properties were confiscated under questionable circumstances or without any legal justification whatsoever.

This happened to the private Black Sea television and radio station, which remained active for the past 22 years and sharply criticized Russia’s annexation of Crimea. Court bailiffs turned up in the company on August 1st. Cameras, computers and other equipment was confiscated and sealed the building.

According to estimates compiled by the Ukrainian Justice Ministry, approximately four thousand companies, agencies and organizations have been forcefully taken over. This fate has befallen on Massandra Winery located in the south of coastal mountains of Crimea. On top of that, a criminal case has been launched against its Director General.

Even the Krimavtotrans bus company has been nationalized, which is the only legal bus service provided on the peninsula. Sources claim armed men in masks had taken part in the take-over.

Entrepreneurs and politicians criticize Crimean Prime Minister Sergei Aksenov and his associates for attempts to become richer at the expense of Crimean companies. However, applications submitted to the police, courts and even Russian power institutions have gone unanswered.

Ref: 102.109.109.109.5263


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  1. Linda says:

    I see CCCP returning – soviet corruption flowing in from Russia!

    Thumb up 0 Thumb down 0

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