Try GOLD - Free
Home by home, Russia is selling occupied Ukraine to Russians
Mint Ahmedabad
|August 05, 2025
In a brochure, the property developer touts the "majestic style" of the building's architecture and its prime location just a 15-minute walk from the sea, adding a caveat: It was damaged during "military events."
The building that once stood there was in fact demolished by developers after Russia conquered Mariupol in a brutal onslaught that killed thousands of people and devastated the Ukrainian port city's housing stock.
Residents of the Clock House counted themselves lucky to survive, but are now excluded from the redevelopment of the building, which has been sold largely to newcomers from Russia.
"We, the previous owners, don't have the right to be there," said Elena Pudak, whose mother owned a spacious apartment in the building but now lives in Germany.
Once a landmark of Mariupol's unique heritage, the Clock House now stands as a monument to Russia's transformation of the city for both profit and its own political designs. Across occupied territory, Russia-backed authorities have seized thousands of apartments after declaring them "ownerless," leaving the Ukrainians who fled faced with growing barriers to return and prove their ownership or claim compensation.
Newcomers from Russia, meanwhile, enjoy a range of perks, such as 2% mortgage rates on new building developments.
The strategy of replacing the people who once lived in conquered territories with ethnic Russians is one that Moscow has long pursued. The eastern Donbas region of Ukraine, for example, was flooded with Russians in the 1930s as the Soviet Union industrialized the region while starving millions of Ukrainian peasants to death in what the Ukrainian government and many historians consider a genocide.
Mariupol is a symbol of Russian brutality and Ukrainian resistance during a siege in the early weeks of the war that destroyed swaths of the city, including the smoke-billowing Azovstal steel works. Real-estate agents tout the city's newly-clean air.
This story is from the August 05, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
PMS firms ask Sebi to review fees paid for index data
The industry body for portfolio management services, or PMS, managers has approached markets regulator Securities and Exchange Board of India to reduce or remove fees paid to exchanges to use their indices to benchmark scheme performance, said four people aware of the development.
1 mins
November 21, 2025
Mint Ahmedabad
TPG to invest $1 bn in TCS's data centre biz
TPG is to pick up a 49% stake in TCS arm HyperVault AI Data Centre
2 mins
November 21, 2025
Mint Ahmedabad
Lenovo India Q2 revenue jumps 23%
Integrated IT solutions provider Lenovo's India arm on Thursday reported a 23% year-on-year increase in revenue at $1.2 billion in the September quarter, aided by strong demand fuelled by digitisation, premiumisation and improved consumer sentiment following goods and services tax (GST) rejig.
1 min
November 21, 2025
Mint Ahmedabad
Carmakers tap EMs to shield exports amid China threat
Firms are increasingly using India as a cost-competitive manufacturing base and export hub
2 mins
November 21, 2025
Mint Ahmedabad
Flipkart-backed super.money preps ‘buy now, pay later’ play
Flipkart-backed UPI app super.money is preparing afresh push into buy now, pay later (BNPL) by partnering regulated banks and lenders, as it hunts for its next leg of growth beyond credit on UPI, according to two people aware of the plans.
2 mins
November 21, 2025
Mint Ahmedabad
KKR to raise $15 bn in new Asia PE fund
KKR has kicked off fundraising for its fifth Asia private equity fund, seeking to raise $15 billion in what would be one of the region's largest buyout fundraisings, three people with knowledge of the matter said.
1 min
November 21, 2025
Mint Ahmedabad
Mahindra targets 8-fold auto growth
Mahindra Group is aiming for an eight-fold growth in consolidated revenue of its auto sector by FY30 compared to that in FY20, betting big on SUVs and light commercial vehicles.
1 min
November 21, 2025
Mint Ahmedabad
Decoding Narayana stock spurt
Narayana Hrudayalaya Ltd investors must be in the pink of health.
2 mins
November 21, 2025
Mint Ahmedabad
Bajaj's arm hires CIO from Kotak
The alternative investment management arm of the Bajaj Group, one of India’s oldest conglomerates, hired a chief investment officer (CIO) from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry.
1 min
November 21, 2025
Mint Ahmedabad
Fed’s October rate decision fueled pushback over possible December cut
Divisions over whether the Federal Reserve should cut interest rates next month deepened at officials’ October meeting, leaving a growing contingent—and potentially a narrow majority—of policymakers uncomfortable with a December rate reduction.
3 mins
November 21, 2025
Listen
Translate
Change font size

