Masandra winery in occupied Crimea sold to ‘Putin’s cashier’

Masandra winery in occupied Crimea sold to ‘Putin's cashier’

14.12.2020 17:44

The occupation authorities of Crimea have illegally sold Ukrainian Masandra winery to Russia’s LLC Yuzhny Proekt, 99.9% of shares in which belong to the Joint-Stock Bank Rossiya.

The main shareholder and former chairman of the board of directors of the Bank Rossiya is Yury Kovalchuk, named “cashier” of Russian President Vladimir Putin by the media.

“LLC Yuzhny Proekt, subsidiary of the Bank Rossiya, bought 100% of shares in the Crimean Masandra winery,” Ukrinform reports with reference to the Crimea.Realities portal.

As reported, RUB 5.327 billion was paid for the winery.

The second participant in the auction, LLC Estate Group offered a smaller sum – RUB 5.3 billion.

LLC Yuzhny Proekt is registered in St. Petersburg, Russia and is 99.9% owned by the Joint-Stock Bank Rossiya. In December 2017, this company already made an illegal purchase of a champagne factory in Sudak, Crimea, for RUB 1.5 billion.

The main shareholder and former chairman of the board of directors of the Bank Rossiya is Yury Kovalchuk, named “Putin’s cashier” by the media. After the occupation of Crimea, the U.S. Department of the Treasury imposed sanctions on Kovalchuk. The Bank Rossiya, which currently operates on the peninsula, is also under sanctions.

As reported, the Ministry of Foreign Affairs of Ukraine condemned the planned “privatization” of the State Concern Masandra, calling on the international community not to participate in it and to refrain from any form of cooperation with the company.

The Ministry reminded that Masandra belongs to the Ministry of Agrarian Policy and Food of Ukraine. The so-called “nationalization” of Masandra winery by the occupation administration of Crimea took place in 2014.

(C)UKRINFORM 2020

5 comments

  • англійський масон

    They won’t be making any Wine if they can’t get water for the grapes.

    This will eventually backfire on them when the Winery goes back to its proper owners all the ‘insider’ publicity will se sales rocket and with them prices.
    Hopefully the baboons from the shithole will leave enough of the older Vintages alone.

    Liked by 3 people

  • Wack ass muthafuckas!

    Liked by 2 people

  • “The occupation authorities of Crimea have illegally sold Ukrainian Masandra winery to Russia’s LLC Yuzhny Proekt, 99.9% of shares in which belong to the Joint-Stock Bank Rossiya.”
    What a surprise; the crime syndicate is dealing with stolen goods.
    When Crimea returns to its rightful owner Ukraine, all such deals will be void. They already are, as a matter of fact.

    Liked by 3 people

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