Kosovo confiscates 200bln EUR worth of Serbia’s assets

The Kosovo authorities have decided to confiscate up to 200 billion EUR worth of real estate belonging to Serbia in Kosovo, adding pressure to an already strained relationship between Pristina and Belgrade.

The Kosovo cadastre agency has been instructed to immediately register all real estate, amounting to more than 2 million square meters of buildings, including a ski resort and a mining complex, but also land, as the property of Kosovo.

Meanwhile, according to the Serbian cadasre agency, Serbian immovable property in Kosovo amounts to 1 million square meters and Serbian-owned enterprises in the region are valued at about 200 billion euros.

The region’s strategic natural resources “privatized” by the Pristina government include almost 15 billion tons of lignite and over 42 billion tons of lead and zinc.

Reacting to the news, Serbian First Deputy PM and Foreign Minister Ivica Dacic said the decision was “completely illegal, and unacceptable.”

No serious investor will spend money in Kosovo based on this decision of the government in Pristina — “because they won’t know whose property it is in the end,” he added.

According to the former head of the Kosovo cadastral agency, Slavica Radomirovic, 58 percent of industrial enterprises and real estate here belongs to Serbia and its citizens as proved by original documents taken out of the region after the 1999 war. 

Radomirovic warned that official Pristina had prepared their own cadaster books based on forged data.

In an interview with Sputnik Serbia, Dusan Prorokovic, an expert with the Belgrade-based Strategic Alternative Fund, said that Pristina prefers to resolve all disputes with Belgrade by military force and that all it really wants is property.

Meanwhile, Kosovo Vice-Premier Branimir Stojanovic told the Serbian TV channel RTS that the decision to confiscate Serbian property in Kosovo was legally nil and void and could seriously complicate relations with Belgrade.

He added that the decision was taken behind closed doors without asking the opinion of Serbian representatives in the regional parliament.

Kosovo unilaterally proclaimed independence from Serbia in 2008 and is recognized by over 100 UN member states. Serbia, as well as Russia, does not recognize Kosovo’s independence.

(Sputnik News, 20.03.2017)

https://sputniknews.com/europe/201703201051763212-kosovo-property-confiscation/

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