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You're reading: Russian annexation of Crimea threatens all kinds of business
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The Kremlin-installed government in Crimea has made it abundantly clear that state-owned business assets will be nationalized, while private property may face all sorts of headaches due to the likelihood of Russian legislation being soon imposed there.

On March 11, Sergey Aksyonov, the Kremlin-backed acting prime minister of Crimea who is not recognized by Ukraine’s central government, assured private property owners that their assets won’t be touched. However, by severing more than two decades of ties with mainland Ukraine, a free-for-all property grab may ensue.

Crimea is more than sunny beaches and gawking tourists.

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