Coverage of issues surrounding expropriation of business by the Russian state

Seizing Assets in Crimea, From Shipyard to Film Studio

The New York Times:

Since the annexation of Crimea over the past 10 months, the owners of numerous enterprises have been expelled from their properties by the armed forces in favour of the local government. It is estimated that over $1bn in real estate and other assets have been seized indicating arbitrary enforcement of property rights.

“If you act like the Communists in 1917, and take everything away, you should just say it,” said Mr. Kuzmenko, the chairman of the board of a shipyard in Kerch that was invaded by dozens of militia solders. “If there is no compensation, it looks like robbery.”

Please read the full text of the article here.

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