Balaklava is a settlement on the Crimean Peninsula and part of the city of Sevastopol. It is an administrative center of Balaklavsky District that …Balaklava is a settlement on the Crimean Peninsula and part of the city of Sevastopol. It is an administrative center of Balaklavsky District that used to be part of the Crimean Oblast before it was transferred to Sevastopol Municipality. Population: 18,649.