“The Crimea property fund will make an appraisal [of the filling stations] and we will pay this amount. It will go toward compensating the depositors of PrivatBank,” Beim said at a press conference in Simferopol on April 9. PrivatBank, which is part of Kolomoisky’s Privat Group, stopped services to residents of Crimea after the Black Sea peninsula became part of Russia.
Beim also said that the company plans to invest 400 million-500 million rubles in the development of the chain of 32 filling stations.
“Including the amount for which they will be bought, the payback period will be no more than two to two and a half years, we estimate,” Beim said.
He also said that the filling stations, which were put under Chernomorneftegaz’s management on March 11, continue to sell products under the GOST brand. “In future a new Chernomorneftegaz brand will be created,” Beim said.
The Crimean government put the chain of filling stations that belonged to Kolomoisky and operated under the Ukrnafta brand to state company Crimean Fuel Alliance in the fall of 2014. In March 2015, Crimea’s Council of Ministers decided to make Crimean Fuel Alliance a unit of Chernomorneftegaz.
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