diff --git a/src/bindings/python/CMakeLists.txt b/src/bindings/python/CMakeLists.txt
index def3ce96c7e36d..394957b2ab2baa 100644
--- a/src/bindings/python/CMakeLists.txt
+++ b/src/bindings/python/CMakeLists.txt
@@ -121,34 +121,6 @@ endfunction()
 
 ov_check_python_build_conditions()
 
-# check __init__.py files alignment
-
-function(ov_check_init_files_alignment init_files)
-    # check the files in pairs
-    list(LENGTH init_files init_files_count)
-    math(EXPR file_loop_range "${init_files_count}-2")
-    foreach(init_file_idx RANGE 0 ${file_loop_range})
-        math(EXPR init_file_idx_next "${init_file_idx}+1")
-        list(GET init_files ${init_file_idx} file1)
-        list(GET init_files ${init_file_idx_next} file2)
-
-        execute_process(COMMAND ${CMAKE_COMMAND} -E compare_files ${file1} ${file2}
-            RESULT_VARIABLE compare_result
-        )
-        if(compare_result EQUAL 1)
-            message(FATAL_ERROR "The runtime __init__.py files are misaligned: ${file1} and ${file2}")
-        endif()
-    endforeach()
-endfunction()
-
-set(INIT_FILES_RUNTIME
-"${OpenVINOPython_SOURCE_DIR}/src/openvino/__init__.py"
-"${OpenVINOPython_SOURCE_DIR}/src/compatibility/openvino/__init__.py"
-"${OpenVINO_SOURCE_DIR}/tools/ovc/openvino/__init__.py"
-"${OpenVINO_SOURCE_DIR}/tools/benchmark_tool/openvino/__init__.py")
-
-ov_check_init_files_alignment("${INIT_FILES_RUNTIME}")
-
 ie_option(ENABLE_PYTHON "Enables OpenVINO Python API build" ${ENABLE_PYTHON_DEFAULT})
 
 #
diff --git a/src/bindings/python/src/compatibility/openvino/__init__.py b/src/bindings/python/src/compatibility/openvino/__init__.py
deleted file mode 100644
index b7dc434f3148cc..00000000000000
--- a/src/bindings/python/src/compatibility/openvino/__init__.py
+++ /dev/null
@@ -1,62 +0,0 @@
-# -*- coding: utf-8 -*-
-# Copyright (C) 2018-2023 Intel Corporation
-# SPDX-License-Identifier: Apache-2.0
-
-__path__ = __import__("pkgutil").extend_path(__path__, __name__)
-
-# Required for Windows OS platforms
-# Note: always top-level
-try:
-    from openvino.utils import _add_openvino_libs_to_search_path
-    _add_openvino_libs_to_search_path()
-except ImportError:
-    pass
-
-# #
-# # API 2.0
-# # This __init__.py forces checking of runtime modules to propagate errors.
-# # It is not compared with init files from openvino-dev package.
-# #
-# Import all public modules
-from openvino import runtime as runtime
-from openvino import frontend as frontend
-from openvino import helpers as helpers
-from openvino import preprocess as preprocess
-from openvino import utils as utils
-from openvino.runtime import properties as properties
-
-# Import most important classes and functions from openvino.runtime
-from openvino.runtime import Model
-from openvino.runtime import Core
-from openvino.runtime import CompiledModel
-from openvino.runtime import InferRequest
-from openvino.runtime import AsyncInferQueue
-
-from openvino.runtime import Dimension
-from openvino.runtime import Strides
-from openvino.runtime import PartialShape
-from openvino.runtime import Shape
-from openvino.runtime import Layout
-from openvino.runtime import Type
-from openvino.runtime import Tensor
-from openvino.runtime import OVAny
-
-from openvino.runtime import compile_model
-from openvino.runtime import get_batch
-from openvino.runtime import set_batch
-from openvino.runtime import serialize
-from openvino.runtime import shutdown
-from openvino.runtime import tensor_from_file
-from openvino.runtime import save_model
-from openvino.runtime import layout_helpers
-
-# Set version for openvino package
-from openvino.runtime import get_version
-__version__ = get_version()
-
-# Tools
-try:
-    # Model Conversion API - ovc should reside in the main namespace
-    from openvino.tools.ovc import convert_model
-except ImportError:
-    pass
diff --git a/tools/benchmark_tool/openvino/__init__.py b/tools/benchmark_tool/openvino/__init__.py
deleted file mode 100644
index b7dc434f3148cc..00000000000000
--- a/tools/benchmark_tool/openvino/__init__.py
+++ /dev/null
@@ -1,62 +0,0 @@
-# -*- coding: utf-8 -*-
-# Copyright (C) 2018-2023 Intel Corporation
-# SPDX-License-Identifier: Apache-2.0
-
-__path__ = __import__("pkgutil").extend_path(__path__, __name__)
-
-# Required for Windows OS platforms
-# Note: always top-level
-try:
-    from openvino.utils import _add_openvino_libs_to_search_path
-    _add_openvino_libs_to_search_path()
-except ImportError:
-    pass
-
-# #
-# # API 2.0
-# # This __init__.py forces checking of runtime modules to propagate errors.
-# # It is not compared with init files from openvino-dev package.
-# #
-# Import all public modules
-from openvino import runtime as runtime
-from openvino import frontend as frontend
-from openvino import helpers as helpers
-from openvino import preprocess as preprocess
-from openvino import utils as utils
-from openvino.runtime import properties as properties
-
-# Import most important classes and functions from openvino.runtime
-from openvino.runtime import Model
-from openvino.runtime import Core
-from openvino.runtime import CompiledModel
-from openvino.runtime import InferRequest
-from openvino.runtime import AsyncInferQueue
-
-from openvino.runtime import Dimension
-from openvino.runtime import Strides
-from openvino.runtime import PartialShape
-from openvino.runtime import Shape
-from openvino.runtime import Layout
-from openvino.runtime import Type
-from openvino.runtime import Tensor
-from openvino.runtime import OVAny
-
-from openvino.runtime import compile_model
-from openvino.runtime import get_batch
-from openvino.runtime import set_batch
-from openvino.runtime import serialize
-from openvino.runtime import shutdown
-from openvino.runtime import tensor_from_file
-from openvino.runtime import save_model
-from openvino.runtime import layout_helpers
-
-# Set version for openvino package
-from openvino.runtime import get_version
-__version__ = get_version()
-
-# Tools
-try:
-    # Model Conversion API - ovc should reside in the main namespace
-    from openvino.tools.ovc import convert_model
-except ImportError:
-    pass
diff --git a/tools/ovc/openvino/__init__.py b/tools/ovc/openvino/__init__.py
deleted file mode 100644
index b7dc434f3148cc..00000000000000
--- a/tools/ovc/openvino/__init__.py
+++ /dev/null
@@ -1,62 +0,0 @@
-# -*- coding: utf-8 -*-
-# Copyright (C) 2018-2023 Intel Corporation
-# SPDX-License-Identifier: Apache-2.0
-
-__path__ = __import__("pkgutil").extend_path(__path__, __name__)
-
-# Required for Windows OS platforms
-# Note: always top-level
-try:
-    from openvino.utils import _add_openvino_libs_to_search_path
-    _add_openvino_libs_to_search_path()
-except ImportError:
-    pass
-
-# #
-# # API 2.0
-# # This __init__.py forces checking of runtime modules to propagate errors.
-# # It is not compared with init files from openvino-dev package.
-# #
-# Import all public modules
-from openvino import runtime as runtime
-from openvino import frontend as frontend
-from openvino import helpers as helpers
-from openvino import preprocess as preprocess
-from openvino import utils as utils
-from openvino.runtime import properties as properties
-
-# Import most important classes and functions from openvino.runtime
-from openvino.runtime import Model
-from openvino.runtime import Core
-from openvino.runtime import CompiledModel
-from openvino.runtime import InferRequest
-from openvino.runtime import AsyncInferQueue
-
-from openvino.runtime import Dimension
-from openvino.runtime import Strides
-from openvino.runtime import PartialShape
-from openvino.runtime import Shape
-from openvino.runtime import Layout
-from openvino.runtime import Type
-from openvino.runtime import Tensor
-from openvino.runtime import OVAny
-
-from openvino.runtime import compile_model
-from openvino.runtime import get_batch
-from openvino.runtime import set_batch
-from openvino.runtime import serialize
-from openvino.runtime import shutdown
-from openvino.runtime import tensor_from_file
-from openvino.runtime import save_model
-from openvino.runtime import layout_helpers
-
-# Set version for openvino package
-from openvino.runtime import get_version
-__version__ = get_version()
-
-# Tools
-try:
-    # Model Conversion API - ovc should reside in the main namespace
-    from openvino.tools.ovc import convert_model
-except ImportError:
-    pass