Jun 02

Ukraine plans to seize Russian foreign property to compensate for ‘lost’ Crimea (RT, June 2, 2015):

Kiev will nationalize Russian overseas property as compensation for the losses over Crimea’s reunification with Russia, Ukraine’s Deputy Minister of Justice Natalia Sevostyanova said. The decision is now up to the European Court of Human Rights.

Ukraine will be able to use this effective instrument if the European Court of Human Rights rules in favor of Kiev, Sevostyanova told “Channel 5,” Ukraine’s National News (UNN) reported on Tuesday.

“There will be a stage of satisfaction, when we’ll determine the amount by which the compensation will be directly paid to… The tool of property seizure is very effective abroad. Russia currently has a lot of such property in other countries,” Sevostyanova said.

More than 400 Ukrainian companies and 18 gas fields have been nationalized in Crimea, according to Ukraine’s Ministry of Justice.

Crimea rejoined Russia in March 2014 after a referendum where the majority of people voted for secession from Ukraine and for joining Russia. Ukraine then called the result of the referendum Russia’s “illegal annexation” of the peninsula and filed its first lawsuit against Moscow to the European Court of Human Rights. Kiev estimated its losses at over 1 trillion hryvnia ($47 billion). Later, the country filed another lawsuit, related to the Donbass, over Moscow’s alleged involvement in the military conflict in southeastern Ukraine.

The reunion of Crimea and Sevastopol with Russia complies with international law, Russian Justice Minister Aleksandr Konovalov said last week.

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2 Responses to “Ukraine plans to seize Russian foreign property to compensate for ‘lost’ Crimea”

  1. Marilyn Gjerdrum Says:

    This is being fueled and financed by US greedy guts……
    I don’t think our leaders are paying attention to the fact the balance of power has shifted. Our days of setting foreign wars to get our way is failing…….everybody knows and is tired of US bullying……
    We are no longer respected, the financial crash and the lack of response to clean up any of it proved our credibility was gone…..Nothing like destroying the world economy to anger others against us…….
    Nobody in power realizes or cares.

  2. Peter Says:

    So a foreign court will make the decision to take what’s not it’s own and give it to another country? Isn’t that called stealing? If I were Russia I would cut off all gas to the Ukraine and Europe. Then I would launch a full scale assault on the Ukraine saying that since I’m accused of it I might as well do it. Plus they owe Russia money. In our free country we throw debtors in prison even though it’s against the constitution. So maybe their “evil” country should attack them over it and claim they “feared” for their lives! Oh wait that only works in the land of the free when the police murder you!
    We’ll surely they should use civil forfeiture to take back the Ukraine. Oh those rules of theft ,murder and coercion only work in a free country? Well I guess Russia is just screwed then;0

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