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Economist says Ukraine can nationalize Russian assets

Ukraine has the right to answer the actions of Russia and the pseudo-government in Crimea by nationalizing Russian state enterprises in Ukraine, Volodymyr Dubrovsky, senior economist at CASE Ukraine, told Espreso.TV on March 17.

“If Crimea separates from Ukraine and becomes independent, then under such conditions they must pay some compensation for nationalizing the government enterprises of Ukraine. If they nationalize the property of Ukraine’s enterprises, then we can respond symmetrically by nationalizing enterprises that fully or partly belong to Russia,” Dubrovsky said.

According to Dubrovsky, the only  question is whether Ukraine’s government would dare to do this and whether its actions would be supported by the international community.”

“In the case of private assets, it would worry investors. If the government does not plan to act aggressively against private investors and wants to confiscate only government assets, then this will disturb only those investors who have invested in Russian securities. After the Magnitsky case, and what happened to him personally as well as to the investor that Magnitsky represented, the attitude of investors toward Russia is not very positive,” he concluded.

As has been reported, the illegitimate parliament of Russian-occupied Crimea decided to appropriate all Ukrainian state property on Crimean territory on behalf of the self-proclaimed “Republic of Crimea.” This pseudo-government is also nationalizing Ukrainian businesses Chornomornaftohaz and Feodosia Gas Depots.


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