You're reading: Kolomoisky to sue Moscow over lost property

Dnipropetrovsk - Head of the Dnipropetrovsk regional state administration Ihor Kolomoisky said he would not stand up for his ownership rights to property in Russia, but will file a suit with the Hague Tribunal to get $2 billion in damages repaid.

‘I will not stand up for my rights to this property, but I will insist on the repayment of the damages,’ he said at a press conference on Sept. 27.

Kolomoisky also said that his property in Crimea ‘is not so large,’ and that he has ‘no property at all in Moscow.’ He added that he has neither holiday homes, nor health resorts in his ownership in Crimea, and that his team had long sold off all redundant assets ‘which could turn us into hostages.’

Asked by an Interfax correspondent about the worth of the likely claims, he said, ‘They could amount, as I see them today, to $2 billion. In the future.’

‘It’s not important whether or not they will return the money. But I will play on their nerves,’ he said.