Simferopol - The State Council of Crimea on Feb. 27 decided to stop the mechanism of private property nationalization on March 1, an Interfax correspondent has reported.
“We are now ending the nationalization process. This decision is the last one,” Sergei Aksionov, the head of the Republic of Crimea, said in the parliament.
Aksionov also said the facilities nationalized by the Crimean State Council on Feb. 27 were previously privatized with violations of the law.
“We are talking primarily about those facilities that were fraudulently removed from state property. Those facilities were not just privatized in a non-transparent manner, they were stolen from the state,” Aksionov said.
“The list of property registered as the property of the Republic of Crimea is final and new objects will not be included in it after March 1, 2015,” the Crimean parliament said in its decision.
Before deciding to stop nationalization, the parliament of Crimea nationalized some facilities, including the property of the Ukrainian water rescue society, including 37 rescue stations located on the coast of the Black Sea and internal bodies of water.
The State Council of Crimea also nationalized some shares (46 percent) in private join t-stock company Eastern Crimean Energy Company, which distributes and supplies electric ity in Schelkino, eastern Crimea.
The parliament also nationalized a refrigerator warehouse for food storage in Kerch.
The State Council of Crimea also nationalized some of the shares in the Kyiv Hotel on Revolutsiyna, which were previously held by the Feodosia state construction corporation Morye, which became the property of the Republic o f Crimea after the region left Ukraine.
After Crimea’s joining Russia in 2014, the State Council of Crimea nationalized facilities of the Ukrainian group Privat and its owner Ihor Kolomoisky and the sanatorium Aivazovske, which was owned by Ukrainian businessman Serhiy Taruta, and the company Krymkhlib, the region’s main bread manufacturer.
In 2015, the parliament of Crimea nationalized two enterprises owned by Ukrainian billionaire Rinat Akmetov: the energy distribution company Krymenergo and the company Ukrtelecom, which had a monopoly on landline phone communications in the region.
