You're reading: Ukraine launches stocktaking of Black Sea Fleet’s property

Ukraine's State Property Fund (SPF) on Oct. 6, 2011, launched the stocktaking of the facilities which the Russian Black Sea Fleet uses under an agreement with Ukraine on the parameters of the Black Sea Fleet's division.

This work started after the relevant agreement was reached between the Ukrainian and Russian foreign ministers, the SPF said on its Web site on Wednesday.

"One hundred facilities of property were registered on October 6 and 7, 2011, by officials from the SPF’s regional division in Crimea and the city of Sevastopol, and by Russian representatives," reads the posting.

Reports said earlier that the stocktaking of the Russian and Ukrainian Black Sea Fleet’s property had been repeatedly put off because of the sides’ disagreement.

In late April 2011 Ukraine’s Foreign Minister Kostiantyn Hryschenko said that progress had been made in the stocktaking of the land sites and infrastructure, handed over to the Russian fleet.

Then, late in July 2011, SPF head Oleksandr Riabchenko announced plans to start the stocktaking in August 2011.