Russia postponed funding of development of Crimea for several years


The occupation authorities in the Crimea will not receive funds from the Russian budget for development. This was announced by Economic Development Minister Alexei Ulyukayev, reports TASS.

It was planned that the Crimea will receive about 23 billion rubles (approx. $340 million – RRT), but now the funding was postponed till 2017 and subsequent years. The Russian minister said that “no further steps will be made” in this regard.

Earlier, the Russian newspaper Vedomosti has analyzed the consequences of the annexation of the Crimea, and concluded that in 2015 Russia’s GDP fell by 3.7%, and real wages – by 9.7%. The economy of the aggressor country continues to shrink and militarize, while there are more and more incompetent, but patriotic people among officials and experts who can affect the country’s condition.

Russia occupied the Autonomous Republic of Crimea in 2014. Verkhovna Rada of Ukraine has officially announced February 20, 2014 the beginning of the temporary occupation of the Crimea and Sevastopol by Russia. Key international organizations, including the UN General Assembly, condemned Russia’s actions, and called the occupation and annexation of the Crimea illegal. Economic sanctions were imposed against Russia.