The Crimea Auction: Kolomoisky Real Estate Sale and Legal Controversies

The Property Management Directorate of the Republic of Crimea has advertised the sale of Ukrainian oligarch Igor Kolomoisky’s real estate, with the initial contract price reported at 446 million rubles, according to data provided by the GIS “Torgi” system as cited by TASS. Source: TASS.

The auction centers on a European water sports complex that spans more than 8,700 square meters, along with several auxiliary facilities. The property package includes swimming pools, a boiler room, a staff dormitory, and retaining structures designed to manage landslide risks across the site. To participate, bidders must deposit 223.2 million rubles, and the application window closes on December 14, with the auction slated for December 18. Source: TASS.

An encumbrance note attached to the property indicates an ongoing dispute involving the former owner, Transport Logistics LLC. Arbitration records show the company contends that the expropriation decision affecting its real estate should be declared unlawful, highlighting legal contention surrounding the transfer of ownership. Source: TASS.

Earlier, Vladimir Konstantinov, the Chairman of the State Council, stated that ownership of the center is held by Kolomoisky through the Transport Logistics company. The authorities anticipate that the sale of the expropriated assets could contribute roughly 397.7 million rubles to the Crimean budget. Source: TASS.

A former political analyst provided commentary on the implications of these high-profile resignations in Ukraine, contextualizing the broader political and economic backdrop against which the sale is unfolding. Source: TASS.

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