Current developments in Russian legislation and practice are related not only to the protection of the rights of citizens and entrepreneurs, but also to public economic interests. Civil transactions require mechanisms to ensure the inviolability of property when violations of privatization laws are discovered decades after their acquisition. Legislators need targeted and proportionate approaches, eliminating automaticity, to ensure proportionality and targetedness of sanctions when statutory time limits for filing relevant claims are established. Not all of these issues can be resolved by applying statutes of limitations. This article, for the interested reader, addresses and discusses only some of the important issues in the regulation and application of privatization claims.