Reselling stolen property: Russian occupiers put Yalta and Yevpatoria ports up for ‘privatization’
The occupying “Ministry of Property of Crimea” has announced
plans to sell 100% of the shares in the Yalta and Yevpatoria seaports, according
to Interfax.
The assets are being offered in separate lots, the report
says. The starting price for the Yalta Seaport is 1.5 billion rubles ($191
million), while the Yevpatoria port is listed at 192.9 million rubles ($2.45
million).
The Yalta port’s property is spread across several
settlements along Crimea’s southern coast, including Hurzuf, Koreiz, Vidradne,
Yalta itself, Koktebel (Feodosia), Alupka, and the village of Partenit
(Alushta).
The total area of Yalta port’s real estate amounts to 32,200
square meters. It includes the Yalta passenger terminal building and the
Seamen’s Club — both of which are considered historically significant — as well
as ticket kiosks, warehouses, roads, substations, and other infrastructure. As
of March 31, 2025, the port employed 146 people.
The Yevpatoria Seaport is located on a 6.4-hectare plot in
Yevpatoria. Its total real estate area is 8,700 square meters, including
non-residential buildings, a workshop, and warehouses. The port currently
employs 13 people.
At the end of 2024, the occupying “Crimean government”
issued an order removing the Yalta and Yevpatoria seaports from the structure
of the State Unitary Enterprise Crimean Sea Ports. That entity was made the
founder of two new joint-stock companies: Yalta Seaport JSC and Yevpatoria
Seaport JSC.
Both ports were established in the first half of the 19th
century and handled cargo and passenger traffic. Yalta and Yevpatoria ports
include 17 and 8 berths, respectively.
Ukraine’s Foreign Intelligence Service had previously
reported that the occupiers were seeking to involve China in infrastructure
development in Crimea.
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