diff --git a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
index fe3e42ba101..b4f28273437 100644
--- a/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
+++ b/compiler/fir/fir2ir/tests-gen/org/jetbrains/kotlin/test/runners/codegen/FirBlackBoxCodegenTestGenerated.java
@@ -35303,12 +35303,6 @@ public class FirBlackBoxCodegenTestGenerated extends AbstractFirBlackBoxCodegenT
             runTest("compiler/testData/codegen/box/properties/referenceToJavaFieldViaBridge.kt");
         }
 
-        @Test
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @Test
         @TestMetadata("substituteJavaSuperField.kt")
         public void testSubstituteJavaSuperField() throws Exception {
diff --git a/compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt b/compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt
deleted file mode 100644
index be358638c1a..00000000000
--- a/compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt
+++ /dev/null
@@ -1,31 +0,0 @@
-// IGNORE_BACKEND_FIR: JVM_IR
-// FIR status: not supported in JVM
-// IGNORE_BACKEND: JVM, JVM_IR
-// IGNORE_BACKEND: NATIVE
-// IGNORE_BACKEND: JS_IR
-// IGNORE_BACKEND: WASM
-// WASM_MUTE_REASON: LAZY_INIT_PROPERTIES
-// IGNORE_LIGHT_ANALYSIS
-// MODULE: lib1
-// FILE: lib1.kt
-
-// KT-34273
-
-var foo = "Fail"
-
-// MODULE: lib2(lib1)
-// FILE: lib2.kt
-
-private val bar = run {
-    foo = "OK"
-    42
-}
-
-
-// MODULE: main(lib1, lib2)
-// FILE: main.kt
-
-// TODO: the proper behaviour of this test is still open design issue
-// K/N & K/JS used to go like this when JVM fails
-
-fun box(): String = foo
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
index 7d3532da3cf..6e77217a328 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/BlackBoxCodegenTestGenerated.java
@@ -34463,12 +34463,6 @@ public class BlackBoxCodegenTestGenerated extends AbstractBlackBoxCodegenTest {
             runTest("compiler/testData/codegen/box/properties/referenceToJavaFieldViaBridge.kt");
         }
 
-        @Test
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @Test
         @TestMetadata("substituteJavaSuperField.kt")
         public void testSubstituteJavaSuperField() throws Exception {
diff --git a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
index 5848cbab376..c747b150f27 100644
--- a/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
+++ b/compiler/tests-common-new/tests-gen/org/jetbrains/kotlin/test/runners/codegen/IrBlackBoxCodegenTestGenerated.java
@@ -35303,12 +35303,6 @@ public class IrBlackBoxCodegenTestGenerated extends AbstractIrBlackBoxCodegenTes
             runTest("compiler/testData/codegen/box/properties/referenceToJavaFieldViaBridge.kt");
         }
 
-        @Test
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @Test
         @TestMetadata("substituteJavaSuperField.kt")
         public void testSubstituteJavaSuperField() throws Exception {
diff --git a/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java b/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
index bdcac1e3356..7f17ae6b005 100644
--- a/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
+++ b/compiler/tests-gen/org/jetbrains/kotlin/codegen/LightAnalysisModeTestGenerated.java
@@ -28970,11 +28970,6 @@ public class LightAnalysisModeTestGenerated extends AbstractLightAnalysisModeTes
             runTest("compiler/testData/codegen/box/properties/genericWithSameName.kt");
         }
 
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void ignoreSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         private void runTest(String testDataFilePath) throws Exception {
             KotlinTestUtils.runTest(this::doTest, TargetBackend.JVM, testDataFilePath);
         }
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/JsCodegenBoxTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/JsCodegenBoxTestGenerated.java
index 7e94f45bc35..d9152323987 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/JsCodegenBoxTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/JsCodegenBoxTestGenerated.java
@@ -25309,12 +25309,6 @@ public class JsCodegenBoxTestGenerated extends AbstractJsCodegenBoxTest {
             runTest("compiler/testData/codegen/box/properties/privatePropertyWithoutBackingField.kt");
         }
 
-        @Test
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @Test
         @TestMetadata("twoAnnotatedExtensionPropertiesWithoutBackingFields.kt")
         public void testTwoAnnotatedExtensionPropertiesWithoutBackingFields() throws Exception {
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrJsCodegenBoxTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrJsCodegenBoxTestGenerated.java
index 2d4d1b2dc9d..70475a267cc 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrJsCodegenBoxTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/test/ir/IrJsCodegenBoxTestGenerated.java
@@ -25357,12 +25357,6 @@ public class IrJsCodegenBoxTestGenerated extends AbstractIrJsCodegenBoxTest {
             runTest("compiler/testData/codegen/box/properties/privatePropertyWithoutBackingField.kt");
         }
 
-        @Test
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @Test
         @TestMetadata("twoAnnotatedExtensionPropertiesWithoutBackingFields.kt")
         public void testTwoAnnotatedExtensionPropertiesWithoutBackingFields() throws Exception {
diff --git a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/testOld/wasm/semantics/IrCodegenBoxWasmTestGenerated.java b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/testOld/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
index f7001ac0c1b..3bd1f4ab701 100644
--- a/js/js.tests/tests-gen/org/jetbrains/kotlin/js/testOld/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
+++ b/js/js.tests/tests-gen/org/jetbrains/kotlin/js/testOld/wasm/semantics/IrCodegenBoxWasmTestGenerated.java
@@ -22621,11 +22621,6 @@ public class IrCodegenBoxWasmTestGenerated extends AbstractIrCodegenBoxWasmTest
             runTest("compiler/testData/codegen/box/properties/privatePropertyWithoutBackingField.kt");
         }
 
-        @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-        public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-            runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-        }
-
         @TestMetadata("twoAnnotatedExtensionPropertiesWithoutBackingFields.kt")
         public void testTwoAnnotatedExtensionPropertiesWithoutBackingFields() throws Exception {
             runTest("compiler/testData/codegen/box/properties/twoAnnotatedExtensionPropertiesWithoutBackingFields.kt");
diff --git a/native/native.tests/tests-gen/org/jetbrains/kotlin/konan/blackboxtest/NativeCodegenBoxTestGenerated.java b/native/native.tests/tests-gen/org/jetbrains/kotlin/konan/blackboxtest/NativeCodegenBoxTestGenerated.java
index 76b7d046e01..a9ed605d6f0 100644
--- a/native/native.tests/tests-gen/org/jetbrains/kotlin/konan/blackboxtest/NativeCodegenBoxTestGenerated.java
+++ b/native/native.tests/tests-gen/org/jetbrains/kotlin/konan/blackboxtest/NativeCodegenBoxTestGenerated.java
@@ -28170,12 +28170,6 @@ public class NativeCodegenBoxTestGenerated extends AbstractNativeCodegenBoxTest
                 runTest("compiler/testData/codegen/box/properties/privatePropertyWithoutBackingField.kt");
             }
 
-            @Test
-            @TestMetadata("sideEffectInTopLevelInitializerMultiModule.kt")
-            public void testSideEffectInTopLevelInitializerMultiModule() throws Exception {
-                runTest("compiler/testData/codegen/box/properties/sideEffectInTopLevelInitializerMultiModule.kt");
-            }
-
             @Test
             @TestMetadata("twoAnnotatedExtensionPropertiesWithoutBackingFields.kt")
             public void testTwoAnnotatedExtensionPropertiesWithoutBackingFields() throws Exception {