#AceFinanceNews SIMFEROPOL The referendum to be held in…

#AceFinanceNews – SIMFEROPOL,- The referendum to be held in Crimea on March 16 will have to decide whether its residents want to join Russia to stay within Ukraine.

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Dual currency circulation of the Russian rouble and the Ukrainian hryvnia may be introduced in Crimea (autonomy within Ukraine) for a transitional period already next week, March 18 or 19, if the decision is made to join Russia, Crimean Prime Minister Sergei Aksyonov said Aksyonov also said that residents of Crimea would be able to keep their Ukrainian passports if they acquire Russian citizenship upon accession to Russia. “Dual citizenship is not prohibited in Russia,” he said.

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` Crimea (autonomy seeking independence from Ukraine) hope that ` Ukrainian Banks will not block Crimean Residents’ Accounts.

#AceWorldNews – SIMFEROPOL, The authorities of Crimea (autonomy seeking independence from Ukraine) hope that Ukrainian banks will not block Crimean residents’ accounts.

Otherwise, the autonomy’s government will have to sell Ukrainian state property to make up for these losses, Crimean Prime Minister Sergei Aksyonov said on Saturday, March 15.

He stressed that the Crimean authorities “do not touch by any means” Ukrainian banks’ branches on the peninsula. However, “our main task is to return deposits to people… and if Ukrainian banks do so, that will be one kind of situation.

If they don’t, then we will sell Ukraine’s property to compensate people [for their losses],” he said.

The prime minister reiterated that private property and banks would not be nationalised in Crimea.

“We will only make the decision on health resorts, real estate and other property owned by the Ukrainian state.
This issue will be addressed by a working group after the referendum [on Crimea’s status to be held on March 16,” Aksyonov said.

Much will depend on “how the state of Ukraine acts,” he said. If the Ukrainian authorities cut off electricity or take other steps against Crimea, its authorities will regard this as an act of sabotage, Aksyonov said.

“Future decisions on Ukraine’s real estate [on the peninsula] will depend on that,” he said. The authorities of Crimea (autonomy seeking independence from Ukraine) hope that Ukrainian banks will not block Crimean residents’ accounts.
Otherwise, the autonomy’s government will have to sell Ukrainian state property to make up for these losses, Crimean Prime Minister Sergei Aksyonov said on Saturday, March 15.

He stressed that the Crimean authorities “do not touch by any means” Ukrainian banks’ branches on the peninsula. However, “our main task is to return deposits to people… and if Ukrainian banks do so, that will be one kind of situation. If they don’t, then we will sell Ukraine’s property to compensate people [for their losses],” he said.

The prime minister reiterated that private property and banks would not be nationalised in Crimea. “We will only make the decision on health resorts, real estate and other property owned by the Ukrainian state. This issue will be addressed by a working group after the referendum [on Crimea’s status to be held on March 16,” Aksyonov said.

Much will depend on “how the state of Ukraine acts,” he said. If the Ukrainian authorities cut off electricity or take other steps against Crimea, its authorities will regard this as an act of sabotage, Aksyonov said. “Future decisions on Ukraine’s real estate [on the peninsula] will depend on that,” he said.

Itar-Tass – Reuters – News Sources

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` Ukrainian Banks will not be `Nationalised ‘ if Referendum decides ` Crimea’s ‘ Accession to Russia ‘

#AceFinanceNews – Ukrainian bank’s in Crimea will not be nationalized if the March 16 referendum decides on Crimea’s accession to Russia, Crimean Prime Minister Sergei Aksyonov promised.

“Not a single bank will be nationalized and we will not withdraw bank assets,” he said. Aksyonov said all the negative variants of developments are expected from the Kiev powers.

“We will support the bank system. I do declare that not a single shareholder, not a single proprietor in Crimea will suffer from the authorities’ actions,” the premier stressed – Itar-Tass .

“The bank system now functions in accordance with Ukrainian legislation; Russian laws will be in effect after the referendum,” he said. “We will help all to transfer to Russian legislation in a peaceful route,” he said.

The Crimean authorities had earlier denied rumours about nationalization Ukrainian bank branches in Crimea.

First Deputy Premier Rustam Temirgaliyev stated on Wednesday that the banks can continue operations after re-registration in accordance with Russian laws.

The deputy premier suggested that Crimean residents should continue fulfilling obligations to financial organizations, specifically, make credit payments.

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