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Crimea-based Koktebel wine factory sold to Russian company for USD 1.4 mln

Source : 112 Ukraine

Another company and a businessman competed during the auction that was held in Russia
23:01, 26 January 2021

112 Agency

Koktebel Vintage Wines Factory, LLC purchased the Koktebel wine factory in the annexed Crimea. The price made 1.4 million dollars. The respective information appeared on the Russian website that publishes information about trading operations.

A company from St.Petersburg and businessman Andriy Shklovsky from Perm (Russia) also competed in the auction.

In March 2014, the Crimean self-styled "government" decided that the property in the annexed peninsula should be nationalized. 131 companies, including famous wine factories Magarach and Masandra were taken under the government control.

Related: Crimean Masandra winery sold for $72 million

Masandra was sold in Crimea last December; the price made 72 million dollars. The only owner is Yuzhnyi Proekt LLC, the affiliated company of Rossiya bank.

After the sale of Masandra factory, Ukraine claimed intentions to impose new international sanctions against the Russian Federation.

Related: Crimean Masandra winery sale: Ukraine to initiate sanctions against Russia

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