Russia fails to create power grids operator in occupied Crimea – media

As reported, there is a discussion of the alternative composition of Krymenergo shareholders, which may be comprised of regional and federal authorities on parity rights through the Federal Agency for State Property Management. This option will exclude the participation of RosSeti in Krymenergo, Kommersant wrote.

"The scheme will be adopted if the government decides that the sanction risks are significant for RosSeti," the sources said.

The issue was discussed on December 8, at a meeting with Deputy Energy Minister Andrey Cherezov, sources reported, noting that the said scheme remains a priority.

Read alsoOccupation authorities allow "write-off" of debts of Crimea residents to Ukraine banksEarlier, the publication wrote that it was planned to create JSC Krymenergo and transfer all the regional power grids under its control. Now it is the State Unitary Enterprise of the Republic of Crimea Krymenergo, which belongs to the Fuel and Energy Ministry of Crimea, that manages the enterprise.

As UNIAN reported earlier, the Verkhovna Rada of Ukraine has officially announced February 20, 2014 the date of the beginning of the temporary occupation by Russia of Crimea and Sevastopol.

Read alsoKlimkin: U.S. to prepare new list of sanctioned Russian businessmen, companies International organizations have recognized the illegal occupation of Crimea and condemned Russia's actions. Western powers have introduced a series of economic sanctions against Russia over its aggression against Ukraine. Moscow has been denying occupation, calling it "restoring historical justice."