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Real estate worth 4.5 billion rubles was “nationalized” in annexed Crimea

At least 1,200 properties have been “nationalized” in the temporarily annexed Crimea this year alone. According to the local governor, Aksyonov, all the property belonged to Ukrainian businessmen or those who were “not friendly” to Russia. 

Today, the largest assets have already become the property of the Russian Federation or have been sold to new “owners.” Most of them are resort complexes and commercial real estate.

In February 2023, the so-called deputies of the Crimean pseudo-parliament supported the “nationalization” of property of foreign citizens and states that commit unfriendly actions against the Kremlin. 

Meanwhile, Zaporizhzhia region gauleiter Yevhen Balitsky said that more than a thousand recreation centers on the Azov Sea coast have already been recognized as “ownerless” and will be “nationalized” in the near future.

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