: 'Russia decided to nationalize only valuable Crimean assets' - lawyer
Opinion17:37 Mar. 17, 2016

'Russia decided to nationalize only valuable Crimean assets' - lawyer

Yuriy Dobosh, a Ukrainian lawyer, discusses legal hurdles of recovering Crimea's nationalized assets

More than 2 years have passed since the sham referendum, which resulted in Russia's annexation of Crimea. The illegitimate Crimean government nationalized the state property of Ukraine, as well as some private property of local Ukrainian companies.

Read also Ukraine reports 50 bln losses due to 'nationalisation' in Crimea

Ukraine Today is joined by Yuriy Dobosh, the Ukrainian lawyer at Kyiv-based law firm, to discuss the legal hurdles of recovering the nationalized assets in Crimea.

"There was a Resolution and Annex attached to it, which consisted of the list of the property, which was going to be nationalized. In the last version I saw, the list included more than 700 entities. I believe, there is no criteria. They decided to nationalize those assets, which are more or less valuable or interesting for them."

Read also Ukraine recovers UAH 3.7 billion seized during annexation of Crimea

"Obviously, if investors go to the Crimean courts, they'll find no justice. Their application will be automatically dismissed."

"As of now, there are only 8 disputes (out of 700). These are Oschadbank, Naftogaz, but they are on a stage of consultations, and six other."

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