SPF assesses loss of 27 enterprises in Crimea at UAH 1 bln using 2008-2009 prices

11:41, 27.08.2015 1 min read

The State Property Fund of Ukraine (SPF) has said that after Russia annexed Crimea, it lost control over 27 companies, the net asset value of which as of 2008-2009 was UAH 1 billion, SPF Head Ihor Bilous has said.

"A total of 27 enterprises were left on the territory of Crimea, including three of them which were undergoing the readjustment procedure and six were being liquidated. Ukraine's loss tentatively is UAH 1 billion – these are 2008-2009 prices, taking into account the net asset value. The loss is set too low," he said on Radio Svoboda.

Bilous said that the Justice Ministry will decide on the fate of these enterprises.

"We transfer all the information to the Justice Ministry. They are working on this. However, we have very little information. Our requests are ignored," he said.

The hryvnia average exchange rate in 2008 was UAH 5.2672/$1, in 2009 – UAH 7.7912/$1 and as of August 26, 2015 it was UAH 22.6234/$1.