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. Last Updated: 07/27/2016

Crimea Stakes Its Claim

SIMFEROPOL, Ukraine () -- The local parliament in Ukraine's Crimean peninsula claimed all property on its territory for the region including ports, railways and dozens of Black Sea resorts.

Deputies in the peninsula said Thursday they voted for the resolution for fear that Ukrainians from outside Crimea would buy up local property. "If we don't build a legislative foundation beneath Crimea's state property fund, we will lose Crimean property and it will be privatized by Ukraine," said Viktor Mezhak, deputy chairman of parliament.