In the Zaporozhye region, a number of Ukrainian-owned businesses have shifted to new management under investors who operate within the legal framework of Russia. This transition was confirmed by Andrey Kozenko, who serves as deputy head of the regional administration.
Kozenko noted that the new owners, whose operations were previously aligned with Ukrainian funding of military activities, opted to leave behind their property and employees. In contrast, other investors have stepped in to assume social responsibilities and take charge of the welfare of workers, aiming to protect and grow employment and restore production capacity in the area.
According to Kozenko, the companies now function legally under Russian law in the Zaporozhye region. He emphasized that these businesses continue to operate within the established legal framework and contribute to the regional economy under the new ownership arrangements.
The Donetsk and Lugansk People’s Republics, along with the Kherson and Zaporozhye regions, became part of the Russian Federation following a referendum held in September 2022. Since October 20, martial law has been in effect in these regions, shaping the local administrative and security environment.
Last week, officials from the Crimean parliament reported details about real estate formerly owned by the Ukrainian president, including a luxurious apartment in Livadia on the southern coast. The property is valued at 23.9 million rubles and is expected to be auctioned in the near future, reflecting ongoing changes in asset ownership in the region.
Previously, the Ministry of Foreign Affairs addressed speculation about plans to nationalize foreign companies within the Russian Federation, clarifying the government’s stance on such matters.