Double Whammy: Russia to sell Zelenskyy’s holiday penthouse on Black Sea to finance Ukraine invasion

As fighting in Ukraine rages on and the Russian military launches new offensives, the Kremlin has announced that it has nationalised President Volodymyr Zelenskyy’s holiday home in Crimea’s Black Sea coast and plans to put it on sale to fund the invasion.

On Thursday, the de-facto leader of Crimea said in a recorded video that the local authority in the region has decided to nationalise 57 properties. This includes Zelenskyy’s holiday home which is registered under his wife Olena Zelenska’s name.

Russian politician Sergey Aksyonov said, “Crimea will regain rights for a number of properties including a building in Simferopol that belongs to the banned Crimean Tatar parliament as well as Olena Zelenska’s flat.”

“Enemies of Russia won’t be making money in Russian Crimea,” he added.

About the holiday home

Olena Zelenska bought a three-room penthouse apartment in 2013 for a whopping $163,893 in the coastal town of Livadia.

The purchase was made just a year before Russia annexed Crimea. Zelenska paid the equivalent of about $1,263 per square meter.

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