2 Nov 2022 19:45

Crimean authorities nationalize Zaliv shipyard, hypermarket chain, cement plant

ROSTOV-ON-DON. Nov 2 (Interfax) - The authorities in Crimea have nationalized the owner of a local home improvement retailer, the biggest cement plant in the republic, and a shipyard, Chairman of the State Council of Crimea Vladimir Konstantinov said with reference to a resolution adopted by the legislature.

"The list of property of foreign citizens and states that commit unfriendly actions against Russia and is subject to nationalization is supplemented. The Republic of Crimea is taking over more than 130 assets of OOO RusLine Co (tenant OOO Novatsentr K, OOO Modul LTD), AO Bakhchisaraisky Kombinat Stroyindustriya, and OAO Sudostroitelny Zavod Zaliv," Konstantinov said on Telegram.

He said the list of property was approved by Resolution of the State Council of the Republic of Crimea No. 2085-6/14 dated April 30, 2014 "On Issues of Property Management of the Republic of Crimea". He said the decision was fair and that efforts to add new facilities to the list would continue.

Reports had said Zaliv, Novatsentr K and Bakhchisaraisky Kombinat Stroyindustriya had been added to the list of assets for nationalization. Crimean leader Sergei Aksyonov said these companies were linked to Ukrainian owners.

These companies were linked to Ukrainian owners, he said. "I gave an instruction to nationalize the Crimean assets of a number of organizations and individuals linked to the Kyiv regime. The relevant decision will be signed by me tomorrow, we'll send the documents to the State Council of the republic," he said.

The staff of the enterprises will remain employed, not layoffs were being planned, he added. "An exception could be authorized representatives of the shareholders who were doing the bidding of their Kyiv bosses," Aksyonov said.

It was reported earlier that the authorities in Crimea had introduced provisional administrations in Stroyindutsriya, the biggest cement plant in the republic, and Novatsentr K, which owns the chain of four Novatsentr building materials hypermarkets, the biggest on the peninsula.

On October 18 the State Council of Crimea modified the resolution entitled, "On managing the property of the Republic of Crimea," to allow foreign-owned assets to be declared the property of the republic. At the time Konstantinov said on Telegram that the changes would affect land plots and other moveable and immoveable property owned by foreign entities and individuals as of February 24, 2022.

It was also reported that in April the Crimean State Council submitted a Duma bill amending Russia's Civil Code regarding the confiscation of assets from citizens of unfriendly countries. The Russian Presidential Council for Codification and Enhancement of Civil Legislation rejected the initiative, having deemed it unconstitutional.