Crimean Authorities Seize Ukrainian Properties

Crimean Authorities Seize Ukrainian Properties

Crimean authorities nationalize Ukrainian properties

The self-proclaimed government of Crimea has decided to nationalize all Ukrainian assets on the peninsula, according to a report from the German news agency DW (in Spanish).

The measure, which affects more than 80 properties owned by Ukrainian companies, is a response to the increasing number of frozen assets by teams of activists of the so-called Crimean Solidarity.

In the decree, signed by the Prime Minister of Crimea, Sergei Aksionov, it is argued that the nationalization would be necessary “for the purpose of ensuring the safety and well-being of citizens and enterprises located in the territory of the Republic of Crimea”.

The move was met with criticism by the international community, which has considered the nationalization as illegal, since the Ukrainian government still has options to recover its seized property.

Meanwhile, the Russian Federation has defended the decision of the authorities of Crimea, calling it “the only way to protect the rights and interests of Ukrainians who live in the peninsula from outside interference”.

In response to the measure, on the part of Ukrainian authorities, it is planned to close the companies that operate on the peninsula, as well as to impose restrictive regulations for those companies that continue to do business.

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