Simferopol, Crimean Republic. In moves that will bring a smile to just about everybody’s face, a decision has been taken in Crimea to nationalize Ukrainian Oligarch Igor Kolomoisky’s properties and auction them off.

The Crimean parliamentary committee on property and land relations approved the nationalization of 43 new apartments in Yalta which were previously nationalized by Russia as the property of the Ukrainian businessman Igor Kolomoisky.

There are plans to auction the real estate, starting at a price of 55,000 rubles ($922 USD) per square meter.

“The expropriation will be realized through an open auction with participants and proposals being received. The adoption of the decision will make it possible for the autonomous state institution of the administrative office to meet the planned targets of non-tax contributions to the budget, and to realize the repayment of money to investors,” Novosti Kryma cites Oksana Lakhina, deputy minister of Crimean property and land relations, as saying.

In 2016, six properties belonging to Ukrainian oligarch Ihor Kolomoisky were sold for a total amount of 1.5 billion rubles ($30 million USD).

Last September, the Crimean parliament made a decision to “nationalize” 111 objects located on the peninsula. According to the Crimean authorities at the time, most of these objects belonged to Ihor Kolomoisky.

Amongst the objects on the “nationalized” list were: several dozen of marketplaces in various cities on the peninsula, children’s homes and health facilities in Yevpatoria and Yalta, incomplete construction projects – in Katsiveli and the “Côte d’Azur” recreational facilities in Alushta, as well as more than 30 gas stations in Simferopol, Bakhchysarai, Kerch, Yalta, Feodosia, Yevpatoria, Krasnoperekopsk and other cities.

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