Crimea Nationalizes Cargo Port in Kerch

Maritime Activity Reports, Inc.

March 1, 2015

Image: Kerch Sea Commercial Port

Image: Kerch Sea Commercial Port

 The Crimean State Council nationalized the Kerch-based cargo port Kamysh-Burun belonging to the Ukrainian financial-industrial group Altcom.

According to Crimean Parliament, nationalization was necessary to the conservation and effective use of movable and immovable property, land plots located on the territory of the Republic of Crimea and ensuring smooth functioning of transport infrastructure.
These measures were needed for the creation of safe and comfortable conditions associated with the provision of services in the field of transport, and also to prevent the occurrence of destructive situations in the Crimea.
Recently, Crimean authorities nationalized the Yalta film Studio and the property of the organization "Krymavtotransom" and the Crimean property of the Ukrainian mobile operator Kyivstar.
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