Crimean authorities sell elite Ukrainian resorts

For a price of 1.5 billion rubles ($24 million USD), the Russian authorities in Crimea have sold shares in the Miskhor, Dyulber and Ai-Petri resorts, which were state property.

This was announced on July 3 by the press service of the Russian Ministry of Property and Land Relations of Crimea, Krym.Realii reports.
According to Oksana Lakhina, Crimea’s deputy minister of property and land relations, the government decided to sell because “the high level wear and tear of the mentioned health resorts requires significant investments”.

Sales contracts for the shares are to be made with the auction winner within five work days. Ownership of the purchased shares will be transferred to the buyer after payment in full, the Crimean ministry notes.
The once elite health resorts were bought by the “Infrastructural Projects Management Company”, which the media believes to belong to the former chief of Russia’s Missile Troops.
In autumn 2017, the Russian-controlled Crimean parliament agreed to sell the Ai-Petri, Miskhor and Dyulber resorts in Yalta. Before “nationalization”, these resorts had Ukrainian owners: the Verkhovna Rada of Ukraine, and companies from the Ukrprofzdravnitsa trade union
In March 2014, around 480 companies and organizations were “nationalized” in Russian-annexed Crimea. Ukraine has filed lawsuits in international courts, demanding not only money as compensation, but also Russian overseas property.

  Russia, Crimea, Ukraine

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