Intentar ORO - Gratis

Home by home, Russia is selling occupied Ukraine to Russians

Mint Mumbai

|

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."

- Isabel Coles & levgeniia Sivorka

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.

MÁS HISTORIAS DE Mint Mumbai

Mint Mumbai

Prestige Estates’ stellar H1 renders pre-sales goal modest

Naturally, Prestige’s Q2FY26 pre-sales have dropped sequentially, given that Q1 bookings were impressive. But investors can hardly complain as H1FY26 pre-sales have already surpassed those of FY25

time to read

1 mins

October 14, 2025

Mint Mumbai

Mint Mumbai

HCLTech has best Q2 growth in 5 yrs, reports AI revenue

Defying market uncertainties, HCL Technologies Ltd recorded its strongest second-quarter performance in July-September 2025 in five years. The Noida-headquartered company also became the first of India's Big Five IT firms to spell out revenue from artificial intelligence (AI).

time to read

2 mins

October 14, 2025

Mint Mumbai

Mint Mumbai

Indian team in US this week to finalize contours of BTA

New Delhi may buy more natural gas from the US as part of the ongoing trade talks, says official

time to read

2 mins

October 14, 2025

Mint Mumbai

Mint Mumbai

Emirates NBD eyes RBL Bank majority

If deal closes, the Dubai govt entity may hold 51% in the lender

time to read

4 mins

October 14, 2025

Mint Mumbai

Mint Mumbai

SC dismisses Asian Paints’ plea challenging CCI probe

In a setback for Asian Paints Ltd, the Supreme Court on Monday refused to entertain the company’s plea challenging an antitrust investigation launched by the Competition Commission of India (CCI) following a complaint by Grasim Industries’ decorative paints arm, Birla Opus.

time to read

1 mins

October 14, 2025

Mint Mumbai

Mint Mumbai

Hamas frees all living Israeli hostages

Hamas freed all 20 remaining living Israeli hostages from the Gaza Strip on Monday morning, following a US-led deal reached late last week.

time to read

2 mins

October 14, 2025

Mint Mumbai

Inflation hits 8-year low on cheap greens, higher base

India's retail inflation cooled to 1.54% in September from 2.07% the previous month, marking the lowest reading since June 2017, due to the statistical effect of a favourable base and driven by lower prices of vegetables and pulses.

time to read

2 mins

October 14, 2025

Mint Mumbai

Gift, property sales and NRI taxes decoded

I have returned to India after years as an NRI and still hold a foreign bank account with my past earnings.

time to read

1 mins

October 14, 2025

Mint Mumbai

Livspace revenue rises 23% in FY25

Home interiors and renovation platform Livspace has posted a 23% increase in revenue to ₹1,460 crore during the last fiscal, helping the company trim losses to ₹131 crore.

time to read

1 min

October 14, 2025

Mint Mumbai

From Bengaluru to the world: Indian startups aim to build global brands with bold R&D and visionary capital

Panellists at the Mint Insights Forum bat for developing global tech brands, privatisation of urban infrastructure, creation of startup cities and greater flow of R&D funds into universities

time to read

3 mins

October 14, 2025

Listen

Translate

Share

-
+

Change font size