- Category
- Latest news
New Russian Auctions Nets $28 Million From Seized Ukrainian Assets in Occupied Areas
- Authors
![Photo of Roman Kohanets]( "Photo of Roman Kohanets")
-111f0e5095e02c02446ffed57bfb0ab1.jpeg "Photo of Roman Kohanets")
In a new series of auctions, Russian occupation authorities in Crimea, Donetsk, and Luhansk have generated more than $28 million from the forced sale of Ukrainian-owned assets. This was reported by RBC-Ukraine, citing a report from the Institute for the Study of War (ISW) on July 20.
Russian-installed administrations in occupied regions of Ukraine have orchestrated the large-scale confiscation and resale of private and commercial properties originally owned by Ukrainian citizens, politicians, and businesses. As reported by RBC, these last auctions have generated approximately $28 million in revenue since the start of the full-scale invasion.
In Crimea alone, over 100 properties have been sold, yielding around $12 million. The list includes assets formerly owned by prominent Ukrainians such as ex-Secretary of the National Security and Defense Council Oleksandr Turchynov and businessmen Ihor Kolomoiskyi and Arseniy Yatsenyuk.
Local authorities reportedly plan to sell an additional 300 properties by the end of 2025.
The Institute for the Study of War confirmed on July 17 that the Kremlin continues to pursue “Russification” policies in occupied Ukraine, including the systematic seizure of Ukrainian properties, forced passportization, and ideological control over public institutions and education systems .
This strategy complements the Kremlin’s broader goal of consolidating control over seized territories through economic, demographic, and institutional integration into Russia.
As ISW notes, this includes leveraging property confiscations and reassignments to punish resistance and reward loyalty among local collaborators.
Earlier, it was reported that satellite imagery and analysis by open‑source intel showed Russia constructing hardened aircraft shelters across 14 airfields—including in occupied Crimea (Saky, Kirovske, Sevastopol, Hvardiiske)—to protect their seized military infrastructure from Ukrainian drone and missile attacks.
