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Kyiv Decided to Nationalize Communist Assets

Well-known Chinese news site NetEase (NASDAQ: NTES) recently reported that the Ministry of Justice of Ukraine has approved a list of property, funds and other assets of the Communist Party to be transferred to the state. In August, a court decision went into effect, banning eight political parties that include the Communist Party of Ukraine (KPU). Ukraine President Vladimir Zelensky signed a law in May to ban pro-Russian political parties in Ukraine, which led to the court ruling. Justice Minister Denys Malyuska said on the Justice Department’s website that, the assets of the Communist Party of Ukraine (KPU) and its state, municipal, district organizations, grassroots organizations and other structural entities are to be handed over to state ownership. It is reported that the KPU owns a total of 54 properties, 18 cars, 8 company rights, 2 trademarks and 2 parcels of land in Ukraine. [Chinascope notes: The Ukrainian Communist Party (KPU) and the Chinese Communist Party (CCP) have always had close contacts.] On April 17, 2013, Zhang Xiyun, the Chinese ambassador to Ukraine, met with Petro Symonenko, the First Secretary of the Central Committee of the KPU. The two sides talked about cooperation. Symonenko said that the KPU was willing to further strengthen its relationship with the CCP. The CCP remained silent since the Ukrainian court ordered the permanent ban on the KPU.]

Source: NetEase, November 9, 2022